Guideline for analyzing properties

[Ernad D.]

Dear BP members, 

I have been a BP member for a short time and have already learned a ton about RE investing.  I am a big fan of the podcasts!

I currently own one four-family property and am currently looking to purchase another.  I am currently working on a go-to guideline to use while analyzing multi family properties, and need your help to finalize.  I would appreciate your input in the following:

• What are the current going cap rates for multi family properties?
• What is the expected per unit vacancy percentage for multi family properties?

I am looking for this data in the Rockford, IL area (particularly Loves Park, Machesney Park, Roscoe, and the east side of Rockford).  I understand that there are not many BP members in my area with this information, so any data from a comparable area would be very helpful.

Thank you for your time!