Eventually, you'll be wanting to be hands-off, so the ability to weed out the bad apples in the bunch and maintaining the relationships of the great ones is a crucial skill to have.Good luck!

Cap rate lets you compare properties apples-to-apples bc it takes the financing assumptions out of the equation.

Commercial financing is different from conventional residential financing, so you aren't comparing apples to apples. 

Thus, it is very market specific.But that's really just an initial apples-to-apples comparison.

I am not defending the PM industry, there are bad apples out there.

THE NUMBERSPurchase Price- 135,999Down Payment- 11,208Lower Renovation Cost (Supplies,Appl,Labor) - 8,955Upper Rent - 1150Lower Rent - 1250Mortgage Payment (Prop Tax & Homeowners Insurance) - 890.30UPPER PICShttps://imgur.com/a/bpkXmWLLOWER AFTER EVICTIONhttps://imgur.com/a/yos4Si3LOWER AFTER RENOVATIONShttps://imgur.com/a/69OFrAaI've learned so much after this going into my next deal.

@Scott BealToo bad everyone is comparing an apple (2008) and an orange (2020).

I have currently been looking at the MacBook Air for its light weight and ecosystem with my other Apple devices.

I'm only reading and responding because it's you, John.If you forgive Tenants of their responsibilities because they are out of work, then you have to forgive the restaurant owner, the hospital that had to furlough all their staff, the farmer that can't sell his apples, etc. 

This guy presented wrong information about the property in terms of square footage, number of rooms, left off the second rental unit and came in $350K less value than the previous appraiser had given with apples to apples comps.