t, so we provide our analysis class for free on the website for anyone who wants to DIY the search.

@Ashish Acharya I disagree never buy RE, especially STVRs , for the tax benefits.Buy STVRs for the tax sheltered cash on cash return generated from operations.If current property prices don’t t allow for at least a 12% ConC passive return, look to  build your STVRs.

That alone puts you ahead of most people looking at small multifamily.Short answer: yes, your numbers can be realistic, but they tend to be market-specific and usually show up in secondary or tertiary markets, not major metros.In the Treasure Valley (specifically Canyon County), we still see 2–4 unit opportunities that come close to what you’re describing, especially when rents are slightly under market and there’s room to optimize.Here’s a real example in Nampa, Idaho that illustrates how this can pencil:Purchase Price: $525,000Down Payment: 5%Loan Type: FHA (numbers shown for transparency)Monthly CostsPrincipal & Interest: $2,831Taxes: $262Insurance: ~$100FHA MIP: $211Total Monthly Payment: $3,389IncomeCurrent rents: $3,050/monthMarket rents (conservative): $1,325 per unit × 3 = $3,975That puts the property at roughly a 1.17 DSCR at market rents.Operating AssumptionsLawn care: $100Electricity (common): $115W/S/T: $115Gas: $64Vacancy (5%): ~$199After expenses, this property is projected to cash flow ~$560/month, even before factoring in appreciation or future rent growth.

Quote from @Tom T.: @Justin MilesI'd say, not horrible.

The only way to ensure a goal is commitment to the input.

Kitchens get expensive quickly, even when you’re trying to stay “budget.”If you sell at $250k, make sure you’re backing out:Agent commissionsSeller closing costsHolding costs (insurance, taxes, utilities)Contingency costFor a first deal, I’d either:-Increase the rehab budget and aim for a stronger resale price, or-Treat this as a wholetail — fix safety and functionality, clean it up well, price it right, and protect your downside.Venice is a solid market, just make sure the numbers work on paper before you commit.

I know because we've done it before you just need to be honest with your commitments and not over extend yourself. 

Tail of the Dragon has some great T shirts though.

I have never been to this area personally, but I am committed to fully going for it.

They have a free tier for smaller portfolios so you can test it out without committing.