Hi BP, I'm a newbie looking to get into buy and hold investing. I downloaded J Scott's SFH analysis spreadsheets from the FilePlace so that I can practice analyzing properties to see if they're potential deals. I'm picking SFH properties from Redfin at this point, and I'm focusing on the suburbs of Los Angeles, mainly the neighborhoods I'm at least somewhat familiar with. I checked craiglist for rentals within a mile of the zip code of the Redfin properties, and filtered the craiglist search to match the number of bedrooms and bathrooms on the Redfin property I was analyzing. I found big differences in the rental rates between what I thought were all B neighborhoods, with access to good schools as well as freeways. The question I have is, what sort of % increases or decreases in rent should I factor in when comparing A, B, or C properties in other cities? How much impact do the local schools have on rent rates? What are some of the other big drivers that impact rents? Thanks in advance!
