So while local wages are a factor in home prices, local buyers only account for ~14% of transaction volume.

Just factor in for extra time and extra money 

When factoring in risk, I agree with @V.G Jason

A crash will not happen due to inventory(local-regional factors at play), but you're pricing for general correction upon the eve of the slow and doomy Q4.

This way, you can still have a personal touch in your selection but ensure that your decisions are based on measurable factors rather than subjective preferences.

I'm looking mostly for if I buy a 4-unit quadplex (example, or Triplex), how to calculate NOI, Monthly Cash Flow, Rehab, Cap Rate, Cash-on-Cash, etc.For example, whenever I find a property on Crexi, Loopnet, MLS, etc. the NOI sounds good but when you factor in mortgage to get the cash flow, it's almost always negative.I also don't know how to properly calculate a rehab to see ARV so that may be the other issue.

Hello George, This depends on a lot of factors.

, and how capital gains would factor into the equation.

Will depend on several factors like the type of property, type of tenants, your risk tolerance, other assets you own, your estate planning, laws where the property is located, etc.

Usually it's based on multiple different rating factors because the risks for a retail differ compared to an event space.Good luck