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Updated almost 8 years ago,
What Would You Do Here
Came across a property that is only being rented for 750, but rental comps say it should be rented for 1000. Deal could realistically make sense at 1000 but not at 750. I'd have to go through the rest of the lease at 750, and then the tenant would most likely leave rather than take a 33% rent increase. I'd have to pay all the costs associated with turnover. Plus I'm concerned about trusting the rental comps when the property has only demonstrated it can get 750 in real life.