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.

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.

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.

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.

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.

Hi BP friends, I usually use PropertyShark to examine and compare properties for my analysis.  

If the owner isn’t interested in a cash sale, the agent can then provide a Comparative Market Analysis (CMA) and discuss the benefits of listing the property on the MLS.A key point to remember: You do not need to sign a listing agreement with that agent just to receive a cash offer.

Enter Comparables: Breaking into a new market within a city is hard enough.

There is a lengthy discussion comparing and contrasting the "broker" and "finder" parties and their role in the transaction in the court case described here: http://law.justia.com/cases/new-york/other-courts/2010/2010-20104.htmlWhile I realize this does not apply directly to the topic at hand (Wisconsin), I and other BP members in other states should find it very informative and educational.