When it comes to neighborhoods, as with any city, where you end up (and which agent gets you where you're going) depends heavily on your priorities (commute time?

Sure he had to make some speculations on whether developing a new building would generate more cash flow, but he could easily calculate comps of nearby rentals, find out the cap rate and figure out whether the construction costs would exceed the value of the developed property.I wouldn't say hoping for natural appreciation is bad, it just depends on how much risk you are willing to take and how well you know the market.

Hey @Jared Baker I think it all depends on what you're trying to do... from the sounds of it it seems like you're looking to build a portfolio of rentals.

And for buy and holds you may be looking at less than that depending on where you invest

@Adam Boonzaayer Yes, the seller bringing cash might change things a bit: It would depend on how much they've got.

This, of course, depends if the kids are still in the home.

All depends on usage. 

This article might be helpful, but isn't considered 'official legal advice' https://www.nolo.com/legal-encyclopedia/handling-t....What I would do depends on what stuff is in the apartment.

the rate always depends on investor's appetite.

It depends on the type of tenant that rents each and the cash flow vs wear and tear for me.