Absolutely not.Another aspect of that, they can't take into account other aspects of desirability/lack there of.

Same document sheds light on your other thread in re:"In dealing with the buyer, a seller's agent should (a) exercise reasonable skill and care in performance of the agent's duties; (b) deal honestly, fairly and in good faith; and (c) disclose all facts known to the agent materially affecting the value or desirability of the property, except as otherwise provided by law."

What is the property type, desired LTV, and DSCR?

Becoming a Real Estate investor would provide me with the financial freedom that I desire.

I imagine it would be a considerable challenge to compete for a desirable MF as an out-of-state investor, but nothing is impossible in our industry.

Location is prime but it is overall a very industrial area and not a desirable one in terms of current housing.

Also, in regards to negotiating a deal, I want my first offer to be low enough to allow room to negotiate up to my desired price, but I don't want to be so low as to cause offense, how much give is there when negotiating?

Based on my numbers, it should cash flow pretty well (a few hundred)My real estate agent has some hesitations as he thinks rents will pretty much be capped at 700, it's not in the most desirable area (more of a rental area), and my tenants won't be A+ tenants for that price point.

We are in the process of doing our due diligence to ensure the land is in a desirable location.

Market cap will fluctuate based on supply and demand primarily, then on condition, desirability, local economy, and other similar factors.