How much was a property worth twenty years ago compared to today?

Plumbing, A/C, refrigerator, roof leaks, lock outs, breakins, can run the gamut of twenty million different things.

Looking at the last twenty years of the market in the Inland Empire some areas were hit badly during the crash and some did not crash to bad.

Or I land a resident manager position, which so far I have been unable to do so, and get a free or reduced cost apartment....Until I get my license all I have is seven years HOA board experience running the exterior of a twenty two unit complex, and the ability to speak three languages among other less valued skill sets. 

** (Provided that $2.732M IS good market value).If you can't get TWENTY SEVEN THOUSAND dollars rent per month by buying 3x $900k properties (or 6x $450k, or 12x $225k, or...), are you really trying? 

But I've also been investing for over twenty years and know the business.

You'll probably get tenants like me; young professionals in their twenties, maybe starting families, or students.

Twenty-five?

These are the only kind of transactions I've done for the last twenty years.

We have a pretty strict criteria about what we'll buy, and I typically want to see a COC in the twenties on solid properties in decent areas with conventional 30 year/20% down mortgages (which is obviously tough to find right now.)BUT a deal just came up near me for 45 units - asking price is 1.65M, stated NOI is "Over $200k" (but with the variations I've seen on what some commercial brokers count as expenses, I'm waiting on more information to get really deep into this analysis.