So, comps can help with figuring out local cap rates, then you need the income from the property to determine a value.

Just wondering can you ever catch a great deal on the market  and if so what’s stopping you from taking advantage?

That leaves me with 5% to come from my own pocket.

For instance, the term could be 3 years and add a clause that says they have to return the property to the condition it was in when they moved in, not just keep their deposit. 

This avoids the headache of eviction and wraps things up cleanly.If things escalate before their lease is up—like the music gets worse or complaints keep piling up—you could consider eviction.

Hard to understand your post but am assuming you are saying that the individual acting on behalf of the seller was assumed to be an agent but you are finding out they are actually a wholesaler?

The industry continues to see consolidation, with private equity-backed firms actively acquiring, albeit at a slightly slower pace than the frenzy a few years back.

I noticed some of the reviewers mentioned how the area is up and coming so if the area is questionable that might be contributing to this.

Still cracks me up. 

I am interested in living in the basement, and renting out the upper unit on Airbnb.