Ron,
Thank you for these most helpful postings! I am learning so much.
In your example bellow, do you apply the 50% rule to get to your cash flow figure?
A bare minimum rule of thumb I use in my area is $100/mo. PCF (Positive Cash Flow) for a single family (unless there is a strategic reason otherwise) and $50/unit minimum for 4 units or above, WITH STRONG EQUITY. I like to get, if possible, $100/unit for 4 units or above and $200/mo to $300/mo for larger houses ($75K+ value), but for the $50K to $60K, 800 SF house which is the bread and butter rental in my area the $100/mo works.