Makes it very easy to take advantage them:( Hi @Drew Sygit,My apologies - I'm a bit late to the party here but wanted to address your bullet point concerns:-We use internal models to forecast the total tenant roommate demand per zip code - and are mindful to not oversaturate a given area.  

It is a different street name than we were told and in the neighboring - and less desirable - city and zip.

Having a solid contractor who can give you bids helps for sureLessons Learned:I have had a couple of clients out of state not fly out and see their property in person & then be disappointed about some things after closingGeneral Tips:I'm sure you are well versed in the Dallas Fort Worth market but this is a nice little tool to have https://www.areavibes.com/ this website gives you a nice overview of streets and zip codes and a total livability score. 

Is there a way to find local developers based on zip codes on this forum?

Congrats on your success in acquiring the duplex that now will yield 6.5% cap at current lower rental rates. 94115 is a great zip code to be in.

The property is in the 85712 or 85745 zip code.

There is not going to be more landed added (but may be some land lost).Good luck I compare your San Diego zip code 92154 and his Miami zip code, the most differences is sale-to-list ratio that's trending up in Miami zip code with 5:1 ratio.

I personally dropped the zip code into Zillow and looked at your listing on a map and others nearby.

But during the pandemic 218 was the the number 1 cash transaction zip and it has double the transactions of #2. i don't think its just indy though.

Real estate's "gross rent multiplier" is Wall Street's "sales to revenue",  "cap rate" is roughly "P/E ratio".When evaluating markets and investments I tend to start with GRM (or lazily the 1% rule), then attempt to return a cap rate based on assumptions about costs, then I work my way to multiple years of projections (assumptions about inflation, amortization, tax benefits, etc), and if I am partnering with one of my smart friends I have to pull up an IRR (internal rate of return).I also look at regional employment levels, median income to rent ratio in the zip code etc.