However, Richmond is a market where a high-end renovation can command higher than fair market rental rates.

@Mark WilliamsThe valuation of commercial asset (which your 24 unit building is) is driven by the NOI of the asset, the building class, the cap rate for that asset class in the area where the building is located and thit is very different from the purchase and sale of residential properties for which the value is determined by the price other people paid for similar properties.it is important to look at the P&L statement for the building you are looking to purchase and verify that it accounts for the expenses and income to work out the true NOI.The NOI divided by the cap rate and divided by the number of units would give you the price you should expect to pay.That price per unit will vary depending on the class of asset it is.Class A commands the highest price per unit and the lowest cap rateClass D commands the lowest price per unit and the highest cap rateNot the precise answer you were expecting but hope it helps.

We were paying $1950 for a four bedroom, to give you some perspective on how much you would be able to command in rent. 

and they seem to be coming out with improvements regularly based on user feedback. 

Not to mention they won’t (in all likelihood) not want to be on a 20 or 25 year amortization schedule.Usually, I would assume you can owner-finance and then command a higher purchase price, higher interest rate, and still be in 1st position.

A lot of people have mentioned ROE which is fantastic because that is an excellent way to make your decision.As I am reading more into your strategy, I would start with your long term goals because there is no right or wrong decision.Some people elect to use rent money and aggressively pay down their mortgage.

Also bogey boards, bike(s) and that sort of thing to offer guest for use really helps.

Not every client will be able to use Apple Pay if they're not an Apple user, but I think it's a great thing to have in your arsenal.Charge the deposit up front and send it as a refund after check-out.AirBNB collects the funds at the time of the reservation, and disburses them to you the day after the guest checks in.  

The functionality and user interface is solid.

Hello BP users!