I am very interested in real estate and plan to become a full-time real estate investor/developer when I graduate school.

What other factors do you think are important that could be quantified and compared across all the MSAs? 

For many reasons- primarily because you’ll get better at what you’re doing, also because you’ll (hopefully) expand and develop economies of scale, and you’ll find and develop associates who are more skilled as well.2.

I was wondering what everyone thought about buying a unit that backs up to a new Luxury Aparment and mixed development complex, and what that does to future values and rents.

which is best real estate development or real estate investing ??

In your calculation did you factor in vacancy, property mgmt, and capex reserves?  

I understand it's a cheap home to purchase, but keep in mind that it's a 2bed, 1 bath and that's a major limiting factor in the future. 

I’ve got a buddy of my that works Lake Norman that we look for and for developers

Hello,John Blatchford here. I'm new to BiggerPockets but have been investing in urban Cincinnati real estate for four years with 4 buildings and 18 units renovated. I have a degree in engineering, an MBA, and a certif...

If I read this rightGross Income Reported is $81900Vacancy 5%GIR-Vac @ 5% is $77805NOI $55805From what I can calculate that works out to a 9.71% cap rateWhich puts the est Property Value at $541,867 That's not too far off which is good.With the 50% method and using 10% Vacancy Rate, it drops the value down to $357,862 Gross Income Reported $ 81,900 Vacancy 10% GIR -VAC $ 73,710 NOI $ 36,855 Listed Cap % 9.71 Est Prop Value $ 357,862 Now again my math may be off but I think that you should be somewhere between those 2 numbers on price and of course that will depend on a lot of other factors and how conservative or aggressive you want to be with your numbers.