In one development that I'm familiar with, last year's prices were in the $100,000 to $110,000 price range.

You will probably find that the proposals you receive have a large range/variation.

I'm interested in small multi-family properties in the 2-4 unit range.

I would target a bit higher , like in the 50-70% range if your units are good enough to warrant it.

You will want to plan on the lower end of the range.

You will learn vast amounts of information, learn how investors look at property, learn about what to look for and what to avoid, if you get in with a group that does flips or rehabs you will learn basic construction and maintenance things that will really help you out early in your REI career.I have just executed my first deal and with my experience with construction will allow me to save thousands of dollars fixing up the property to get it ready for rent.

This was one I took a chance on who did have an eviction filing that later got dismissed (I checked her story and it rang true which is why I went with her).

This is tenant /buyer occupied property.Today's market value ranges between $50k - $60k.There has been no construction in the last 6 months.I qualified the tenant/buyer and I constructed the paperwork.

The other houses range in price from $300K - $350K (according to Zillow); one house is $575K.

Typical is in the 7-10% range, but I've paid as much as 12% and in some resort areas the management fee can be as high as 25% off the top.