Hey everyone, I've been working with 3D virtual tours and wanted to start a discussion on how they impact real estate marketing.

What is your current BUY formula for properties in this market?

No issues and tenants are renewing.That indicates tenants were paying below market rates.If the market rate for a 2-bed/1-bath apartment is $1,000 without utilities included, then he should adjust his rate to $1,100 because it includes $100 in utility cost.

Lol.They have decent deals from time to time, but they are usually volume based, not in tune with market, and more motivated to push a sale than to really see if a deal is good or not.

Is there anyone in your local market you could take out to lunch who does flips?

Market analysis is performed.”  

If things go sideways, you discovery greater rehab expenses, the market takes a turn for the worse, you can get in the red quickly. 

Going DIY and self-managing this type of asset from another state may not be an easy task for such a building and neighborhood, it needs more attention (and probably capital).Try an unconventional approach.

So the risk is lower, as long as the market doesn't drop 20% and stay that low for the next 3 years. 

Since I'm based in Tampa, I don't look outside and compare markets.