I would certainly rely on a real estate agent to pull true comparable rentals in the area (as opposed to any kind of "Zestimate") to know what your projected rents might be.

Hey allWhen you are doing research for an investor on a property, have you successfully relied on RPR’s rvm/avm?

And I do plan on running numbers and not relying on the realtor to tell me whats a good deal.

Do not rely on it for legal advice.

That’s the nature of big investments that rely on major variables that are out of your hands.

@Oliver Davis I thought you meant having builders risk as opposed to having no insurance, relying solely on your gc’s insurance.  

@Lane Kawaoka $3k-$5k on a $3mm-$5mm property is extremely low, I'd be wary of such a study as it likely relies heavily on statistical sampling or computer modeling.

Which translates to a house value of $281,841.00 Now at interest rates around 4.65% that same mortgage monthly payment jumps to $464.07 which translates to a house value of $263,142.00 So you see the effect of interest rates on house values?

If it were a multi-family you could at least rely on the other units income.But it is completely up to you and whatever you feel is going to get you to where you want to be.

I used to rely on my long term 1 year lease tenants but recently they’ve been complaining they need repairs now but nobody’s ever home to let in the repair man.To rent it yourself - Post on Zillow, Craiglist and Facebook Marketplace, Facebook Yardsale, Student Offcampus Housing Pages, Church/community pages, your furnished rental with great pictures and lots of keywords.