When they give you a price, I think they look at comps in the same ZIP, roughly same SqFt and then a price.I don't think they adjust for age, current property condition, does it have a good view, high/low crime, functional obsolescence, etc - The stuff an appraiser (and I'd hope a good BOV) would do.I guess the only parallel would be quants and stock picking.

However, things will still break down)- Maintenance 5% - PM 8-10% depending on location- Taxes - I pull from Redfin, Zillow or county assessor (watchout for homes that still qualify for homestead exemptions and adjust accordingly)- Insurance - Call around for agents in your area that you are looking to buy in and get a base rate to underwrite. 

Or better yet some water and fresh fruit. 

Welcome ... hope your efforts are fruitful.

Didn't complain, just put my head down and adjusted to various situationsAs Americans if we keep pandering to the lowest hanging fruit it will be a race to the bottom.

Though anything hotel will likely not be very fruitful I'd guess for the next few years.If you want to make a lot of money in Wichita and are engineering minded which it seems like you are - teach yourself "programming" for a machine shop - say 4/5ax machines - you can make a killing. 

An entire virtual world for agents is quite a contrast to everything else out there.

We are all stuck with Lockdown/quarantine period, but we can still make it fruitful for future benefits!

I like to use a fruit tree as an analogy.

Jersey and there may be "slim pickings", but if you have the ability to expand to more fruitful areas, you might want to put your money there.