Changing conditions may dictate pivoting.Good luck

Here's some copy & paste advice we hope you find useful:----------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

It’s a familiar debate, as Californians have faced this choice twice since 2018.Under the 2019 Tenant Protection Act, rent hikes have been capped at 10% per year or lower if inflation rates dictate.

The laws here specifically dictate how a notice can be given and accepted in the case of non-compliance.

@Pete Schiebel check what a lot of your rent comparable properties are doing in the area, as that will dictate it a lot.

The other things to keep in mind utilities, cleaning before/after (fee, does it need to be dictated?)

In those cases the restuarants generally set at 7 to 8% sales ratio for rent number.10 years from now development costs are higher with inflation which dictates higher rents for new builds.

I figured since it has been completely remodeled it looks a lot better the the surrounding comps going for that priceMarket rents dictate what a property will rent for. 

@Abel Eskinder since you're out of the country, you'll probably want to give some thought to our copy & paste info below:-------------------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

But the way I see it is that, in general, someone who is new to the business and is looking to break in and grow will have barriers that can likely drive them out of REI.If it were up to me, I would just let the market dictate the rents and it will find equilibrium on its own.