Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Your point about Phoenix is also spot-on; it’s amazing how adjusting zoning laws can breathe new life into neighborhoods and support both housing and local business growth.I'd be interested in hearing more about your experience with multifamily projects and any insights you might have on Austin's market compared to Phoenix.

I have liquid funds ready, but I want to make sure this is worth my time compared to the 5-6% cap rates I've seen on multifamily units in South Florida, which are close to what I already get from CDs and high-yield savings accounts without the hassle of property management.I'm also hesitant to invest out of state since I'm new to real estate and don’t want to make a costly mistake.

Year-round road access can also vary, with some parcels only accessible seasonally.Market Trends: The Fairbanks real estate market is competitive, but when it comes to land it's not very competitive and the prices are still relatively affordable compared to other states, making it an attractive option for investors or builders.

Those aren't appraised via income approach, they're appraised using comparable sales approach.

This allowed me to save over $1,200 per month on my payment and also increased my principal paydown by over $400 per payment compared to financing a new "high interest" loan! 

The property prices are lower compared to other markets, and the rental demand in certain neighborhoods can be pretty strong.Of course, it's always good to dive into specifics about the areas you're considering within Mepmhis.

In rural areas building size and age can vary a lot, the comps are literally not very comparable. 

Look at the comparable for what you want to sell/ rent at and go off of that.

I've noticed that the discounts tend to be pretty decent when compared to the actual cost of renovation (not flipping status, just better in general).3.