However, smaller properties tend to have asking prices influenced by factors like local demand or future appreciation potential, not just rental income.If you're finding that the numbers from the cap rate approach are consistently coming up lower than the asking price, it may be because the market value is being driven by different factors, especially in a competitive or appreciating area.I’d recommend using comparable sales as your primary tool while keeping the income approach in the back of your mind to avoid overpaying.

I want to ensure the reporting is accurate.

The core 4 consists of a realtor, contractor, property manager, and a lender.

., I can only comment on reporting of sales price versus actual.  

Your accountant will need to merge the two reports together at the end of the year for taxes, thus you should check how they want it input, so that it takes them less time and thus costs you less money.

The CORE 4 consists of having a great realtor, contractor, property manager, and attorney.

You report this on Form 4684.

For criminal background checks, services like TransUnion SmartMove, RentPrep, or MyRental are commonly used and provide comprehensive reports that include criminal history, credit checks, and eviction history.To verify how much they make, you can request recent pay stubs, bank statements, or tax returns if the tenant is self-employed.

Your PM is so laughably wrong about this that I would consider reporting them if possible in your state.

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