My guess solely looking at your numbers is that it's an older/distressed property which means you have to account for more costs in capex. 2nd thought being it's not in the best of neighborhood then you'd have to take into consideration lower quality tenants/ neighbors and maybe increase expected vacancy and late payments.

I will take this advice into consideration.

Louis based and didn't realize how much he hated to travel to care for it! 

money dont care

These props were in good areas so I am guessing that is why. keep in mind true A class areas whould see majority of comps being sales to homeowners NOT investors.. homeowners dont care what the cash flow is or the potential rental income is only investors do..

They can offer valuable insights into the local market, potential rental yields, and specific considerations for a rehab project like the one you're planning.

I don’t care if you steal a property, high quality tenants will never sacrifice on being safe and feeling safe.  

Start small with duplexes or triplexes, analyze deals carefully, and build a team of local experts.

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