Will the rents you get in cover the mortgage plus expenses (portion set aside for future repairs or cap-ex, maintenance, insurance, taxes) *and* produce cash flow? 

My biggest goals for 2016-2017 are to find a mentor and have a income producing property under my belt.

Therefore, you have to decide how you want to target people in order to get them to your site IE paying for clicks, web adds, SEO marketing, etc. 

E-mails on city web site.Thanks for being on our email list.

Judy Le, why would you consider throwing away a revenue producing asset?

Then I took that NOI and divided by the listing price of $189,900 to get a fudged CAP rate of 11.1%.With that CAP rate I used the actual stated current income produced by this property - $2800 to calculate present value.

Our two identical buildings and a third owned by Bob next door that is a fifth the size of the first two that produces $20,000 NOI at market.

Some brokerages will tell you sweet nothings because they know your sphere of influence will likely produce a couple of sales before a new agent peters out. 

Hi all,Is there any resource on the web that can tell me how often rentals pop up in a certain area and how quickly they're snatched up?

I think what you all might have forgotten is that these brokers/agents are showing you the PROJECTED NOI/CASHFLOW.The company I work for, they get a financials for a shopping center from a broker and then we ask the landlord their actual financials produced from their SYSTEM.i have to make the comparison and to also create a proforma budget and compared that to the BROKER'S proforma.