Super needed.Half of the homes sold were under contract in 13 days or less, up from 7 days a year ago.46.11% of homes sold for the asking price or above, with 23.4% selling for more than the asking price. 12.3% sold for at least $10,000 over asking and 4.04% sold for at least $25,000 over asking.The sale-to-list price ratio decreased from last month to 98.2% – down from 99% a year ago.Knoxville having the fastest-rising property prices in the country over the last five years, with median home listing prices rising 83%.New construction represented 13.6% of total home sales.With an increase in units over the past year we have seen the occupancy rate moderate at 95.9% down from the high of 98.9% in 2022.

So I have excellent experience with tired landlords. 

Everyone has their own process, but I recommend starting in excel with a unique ranking system based on the inputs that concern you the most.

Excellent points Frank!

Based on the information I can find and an Excel template I am using it would suggest this property is a 9.3 cap and would have cash flow after expenses of around $3000 per month.

Cleveland often offers better cashflow while Columbus is one of the fastest growing cities in the US. 

Excellent write up!

I have seen some of these "Bookkeepers" who have a set price and then get VAs to do a lot of the work and they send pretty Excel financials over to make it look like they are great but they don't actually know the concepts and how it all flows together.

I started out managing everything in excel, then switched over to QuickBooks Online at 3 properties.

The presumption is that legal entities are excellent tools, as long as you follow the corporate maintenance and corporate formalities.