What would the economics look like from your end?

I know I'm starting to sound like a sales guy, I swear I don't work for them, lol, I just appreciate the fact that they're a useful (and economical) tool for marking a bad tenants credit to help future landlords in the screening process.https://www.rentrecoveryservice.com/flat-fee-based...

I am telling, not trying to sell - I am sure he has some of these deck left over.I still refer to those on larger more difficult properties when negotiating they are a great stimulator of your creativity and nothing down techniques.Charles

Besides his regular job he still tutors about ten hours a week plus he is in an online master's degree program in economics through John Hopkins.

@Tyion Bridgeman,This may not be a good deal based on the info you've provided.Here is a quick math:Net rental income = $1.9M * 0.88 = $1.672M - assuming 12% economic lossExpenses at $4500/unit = $1.062MNOI = $1.672M - $1.062M = $610000Value at 8% cap = $7.625M - far cry from $9.4MYou may change the cap rate an expense assumptions to see if you arrive to a different valuationNick

The rule is a bit skewed in the current economic environment because interest rates are so low that it changes cash flow significantly compared to the normal 6-7% rates.

I did that twice, but, got caught in the 2008 economic collapse and lost 60% of my property values.

You would have to demonstrate under audit that you really did have the intent to hold as rental property but that your plans changed due to business/economic reasons.

I'm a new investor, economics background which means I understand math and maybe am grounded about appreciation or lack their of, however I came across "The book on rental property investing" and I again am realizing how much I know nothing.That being said, I am saving money quickly and can make a small purchase or 2 in the next 3-6 months.I came across an opportunity in Dayton OH, Its priced well for income, appears not to need a ton of work, and Dayton overall seems to be on the rebound.That being said, I've done no research on markets that are also offer great price to rent ratios, with decreasing crime and economic growth/rebound.Are there any resources out there that share this info?  

I've decided to focus on the Malden market, which seems to have some great economic development planned for the near future along with plenty of multifamilies.