At that price range you could get something that grosses over 100k and would have massive cashflow to reinvest.

I live in a rural area and this would not phase many of the tenants that I have, but it probably would also not be my highest grossing property. 

I can get better CoC/cash flow there but it also requires more money up front with having to put 25% down on investment properties - I currently have one duplex in Milwaukee. 2) Buy a much more expensive 4 unit (700-750k) with an FHA in Chicago, cash flow around $150-200/door once I move out BUT get far more principle pay down , gross rent and appreciation.

They can buy it and refinance using the rent as income..But, in your case, pre-COVID-19 there were loan based off of your gross income for people in your situation.

When the rehab is complete I will be able to get $1650/mo gross and $180k ARV.Given the amount of work needed, I am going to offer $65k, 20% down, $1k earnest money.

What’s your gross rent?

@Charles A.With a price more than 10 times gross rents I would pass.

My minimum is $100 per month or 10% of gross rents.

I own my service FL S-corp business grossing ~$160k/yr and netting ~$50K after all expenses including my salary AND a distribution of $40K.

He replied saying he'd consider a package deal if I bought all 3 of his buildings. 240k for 7 units with gross monthly income of $4,580.