Expert Advice - What Evaluation Rules Do You Use
Which evaluation rules do you use to quickly assess a multi-family's (2-4 units) suitability for a closer look? It seems to me the 50% and 2% rules wouldn't be applicable because of the multiple unit factors for some of the related expenses and possible variety of rents.
I've read a multi-family should cash flow $100/door with 100% financing (even if you are getting financing, calculate this way).
What do you use as your quick rule of thumb? Thanks!