It is a townhouse and the adjacent property (that previously had an identical interior layout and size) has gone through a renovation to expand the kitchen by approximately 100 sqft, and add a second bathroom.This adjacent property is currently renting for $300-400 more than what I believe I can rent my property for.

we just bought an underpriced piece of land that was unentitled and had high upside in Franklinton in Columbus Ohio. a non profit owned a plot 4x the size an Called us only after our project was announced and asked If we'd buy their site. we gave them 4 different ways they could work with us and their realtor wasn't experienced enough and neither was their director of finance. the bought it to put a food pantry and couldn't because they can't develop. it's a mistake on their part to purchase land like this. their funds should have been used for other reasons.

This chart basically shows me which City's are most desirable (can do the same with Zip Codes):Anything to the right of 0 means the $/sf is growing QoQ on average, and the height is the current $/sf of that market.

A property profile has at least the following factors.Property type: Single-family, multi-family, condo, townhouse, etc.Configuration: One bedroom, three bedroom, one story, two-story, lot size, age range, garage size, etc.Location: Where the tenant segment is renting today.Rent range: How much is this segment willing and able to pay.Notice that I did not select any aspect of the property.

It just kills me to see people spend downpayment-sized chunks of money on hands-off gurus.

We are choosing new build because A) our family 4 has a certain size demand B)  the price-quality ratio doesn't seem to make sense when considering a preexisting home C) with interest rates being at near 8% with preexisting homes, builders are offering 5.99% interest rates and the exact home we are looking at is about $75K discounted because it's a spec home and the builder doesn't want to pay taxes on it.So, live in it for 5-6 years hopefully rent it out with a fully finished basement for potentially $4,200 in 5-6 years.

Many investors seem to believe there is only one “right” way to invest but we both agree “one size does not fit all”.

For Zillow and Redfin what really matter is the price chart trend of the neighbourhood and not the price itself.

If it is densly populated and most homes are similar age/size and you still cant' find any, then you can start looking back more than 6 months if needed. 

Jay is right, this is on the not so good side of town and you’ll be sink tons of money into an investment to not have decent clients and be able to rent the units out for more than $600/800 depending on the size and location.