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@Jonathan Greene as I'm sure everyone can tell by his BP stats is an expert in all things real estate investing from decades of experience.

When I started examining myself and asking better questions I started to have success in life. 

Looking at a property built in the 1980s that the seller says is a 2/1 1606 square feet but all data bases I look at (Zillow, MLS, Propstream) show it as a 1/1 1070 square feet.  Seller is advertising ARV based on the...

And first, examine where you want to vacation first. 

A heavily promoted transaction with a smart seller necessitates rigorous examination and documentation.To ensure accurate assessments, I advocate hiring third-party professionals in financial research and due diligence.

This is all with today's prices and rates too so no stat padding (and a good chunk of the cash used is just equity/downpayment on the home).

Ok I will check those websites out, Thank you.There's a variety of ways to get a deal in front of you (I'm mostly a flipper), but basically if it looks promising, I run custom comps queries and check the current & past $/sf of renovated/distressed product in that city or zipcode.Here's a chart on 90066 I generated from my tool under Market Stats > Sales Data > Specific Zip Code:- My above chart (more available) shows the Avg Renovated $/sf (High) over time in this Zip Code, something completely different than charts/providers based on Averages/Medians only, like every other platform (RedFin Below, https://www.redfin.com/news/data-center/):- Can't select smaller locations such as City or Zipcode for their $/sf data, so it's useless helping me underwrite/verify a deal.- Can set Zip Code for Median Sale Price data, but again it's the median/avg so it's useless helping me underwrite/verify a deal.Then if that looks decent, I'll run Sales Comps, and get a quick summary of some key metrics based on those comps.

Hi there,Pretty new to REI as well.Things I've done to gain knowledge:-Listen to BP podcast-Read RE books-Enrolled in a RE course (I take an exam in a few months to obtain my license)-Look at listings throughout the day in states I've been eye-ing-Analyze potential deals by plugging numbers in a spreadsheet (to calculate what ROI will be first year, second year, etc) -Been reaching out to seasoned RE investors-Saving more $ to increase capitalGood luck to us!

This combination of affordability, economic stability, and location makes Parma compelling in my research.Taking a deeper dive into the rental market here, I thought this could be a unique investment opportunity because, despite a seemingly low occupancy rate of 23.90%, the rising rental rates highlight a robust demand for single-family homes (SFH), presenting a lucrative avenue for investors like us.The Key Growth Indicator: A significant uptick in SFH building permits during 2022 and 2023 screams a burgeoning market ripe for investment.Property Highlight: Zooming into the zipcode 44134, let's examine a promising investment with this single-family home.3104 Liggett Dr, Parma, OH 44134 On this property, I calculate an ARV estimated between $107,000 and $115,000.