If you are planning on selling the property you should consider the return on investment of making an additional $99,000 ($3,000 x 33 units) investment in your property.In a traditional marketplace, you figure the value of the property like this.Property Value = NOI / Cap RateYou can also figure the increase in value the same wayProperty Value Increase = Increase in NOI / Cap RateI don't know what the average cap rate is in your area, so I'll just use 6% as an example.Your increase in NOI = $100 a month per unit * 33 units * 12 months = $39,600So the property value increase would be $39,000 / .06 (6% cap rate) = $660,000Likewise, a 4% cap rate would be a $990,000 push in value and 8% would be $495,000.Note: that's not a guarantee that you will sell it for that much more, it just means that if your property sells like others in your area have been selling, you should be able to get that much more.Back to your return on investment.

True...for the past ten years, open-market financing and the rise of the subprime lending industry made it unnecessary to use seller-financing as much as had been done over the previous sixty years--at least in the SFR marketplace.

Looking at the market place (not knowing much about the place your are talking about), but that seems high.

Are you looking to advertise to the real estate marketplace?

Our exit strategy is either sell to the existing renter, put it on the MLS, or by word of mouth such as BP MarketPlace we can sell to another investor.

(other then the marketplace here?)

The market place on bp; other real estate investment websites such as connected investors, backpage, your REIA group & fb still has pull contrary to popular belief.

As you stated with the age of the homes in a saturated marketplace it makes it opportunity abundant however the price to enter can be higher.

BTW, I have known people to do just that... although not literally 366 days later.Also note that DU can easily detect OO violations.

Please be aware that any offers of services or properties must be posted in the Marketplace.