What does YOUR market look like?

[Michael Smith]

Hey BP, here are my two question to those of you who are finding great deals by marketing to motivated sellers... 1) Based on standard sales you could find on the MLS, what would monthly rent be as a percentage of market value? (In my market it varies from about 0.8% in the nice neighborhoods, to about 1.3% in the less sought-after areas) 2) Based on deals you are getting from your marketing, what would monthly rent be as a percentage of your purchase price? I'm interested to see the variance. Thanks!