Cap rates vary wildly from area to area and sellers often throw them around with little regard for accuracy.

I realize that the dual marking of the expense/income comes out even, but it nonetheless will throw off the actual accuracy of my tracking numbers at year end.

Originally posted by Ryan Weber:What I do care about is if what you are saying is accurate or not.Oh no, the accuracy police!

As I finished showing property to a prospective client I noticed that while viewing the property I was able to predict that the current residents were involving in a divorce situation with almost pinpoint accuracy.

A recent computer appraisal I received appraised my property $3k under my purchase price with a "very high" accuracy confidence score.

There is often some back and forth just to understand the nature of a transaction so that it can be recorded properly.Accounting for rental properties is fairly easy but still doesn't always get done correctly.Part of the due diligence process is reviewing the financials for completeness, accuracy and reasonableness.

Airdna claims 97% accuracy but that may be if you pay for the subscription like he mentioned above.

Here is some food for thought on your MSA regarding HPI analysis from Forecast-Chart.com:3rd Quarter, 2011 Housing Statistics: Boise City, IdahoPart 1: HOUSING MARKET FORECAST12 Month Forecast: DOWNForecast Accuracy: 78%Forecast-Chart.com publishes forecasts for the trend in home prices in 380 Metropolitan Statistical Areas.

Realtor.com is only slightly better in accuracy.

If you do recommend an appraisal for accuracy, what's the best way to find an appraiser?