Exactly what Ralph said.Comps are always great to use if the market within a 0.5 mile radius of the property in question has been churning.

Eric,Lenders are concerned with churning.  

And again, its a way to keep your deal flow moving faster and churning your financing spot(s) over quicker to buy more homes.

At about 7 years you'll find that depreciation may not be such a tax advantage and that churning you rental inventory might make sense, if that's the case a 7 year balloon would be of little concern and is a term that can be accepted more readily.

I know that with rising cap rates, I need to churn through some 50-100 units in the next couple years to get me into a nice big Triple-Net property that I can set and forget.

I churn to meet bonuses and to raise emergency capital.

Of course the key here is achieving enough churns or turnover so your money is lent out and diversified over several deals.

It's almost as if this was all orchestrated to intentionally cause the bubble and come in the back door cleaning up the mess to repeat the process churning profits.I don't know if securitized portfolios of SFDs will fly, Warren Buffet seems to think so I believe, he has a pretty good crystal ball in manipulating or seeing the interactions between market industries.

While others were having to churn for quick cash, I was able to find those diamonds, polish them and then reap the benefits of their increased value.

We are not a turn and churn company looking for the next sucker that many liken with the term Turnkey.