@J Scott when you determine the arv value is it purely based on previous deals in close proximity?

After years of looking at MLS, I thought nothing would surprise me but today something did.This is pure and unadulterated marketing gold.

Now, the extra income might be useful if your strategy is to make high profits purely based on operating cash flow, which is fine.

Tons of Denver real estate investors and professionals here on BP, so you'll get some good info, whether you're doing a pure investment, a house-hack or looking for that first home purchase.  

@Nicholas UrcuioliFirst of all you wouldn’t value a three unit building based on Cape Rate.Four units and under are considered residential and you would use the price comparison approach on an appraisal.Cap Rate is purely a measure of risk and never a measure of your actual cash on cash returns or future gross profitPlaces like San Francisco Los Angeles and Manhattan have way more renters (demand)  then there are vacant units (supply).This makes these markets extremely safe because the risk of the whole building becoming vacant is almost 0Markets with higher Rates like Ohio or Alabama must pay a higher return on investment because they are riskier markets with much higher vacancy rates and demand and Manhattan have way more renters parenthesedemand

Again this is purely an example with hypothetical numbers on my end, you have to verify your own local market data for accurate ARV and rehab estimates.  

I want to be in this business to assist with pure passion and honesty.

This is purely about your appetite for risk.

This is purely psychological, but it can save your renovation and keep you from crying in the unfinished bathroom.10. 100 dollars is well spent on having someone else remove all the nasty toilets.

If you're actively managing your own portfolio, working p/t or business owner, and on top of it investing as LP in syndications, then your situation may differ from those who're f/t W-2 employees and are purely  LPs in syndications.