PS I know there are great Brokers on BP  I am not talking about those folks By the way sold the portfolio at full ask. 

Also, look at neighboring properties that have recently sold within the last 2 years near the purchase price and what their property taxes are.Good luck!

I own a couple of investment properties, Short term and long term and have sold a couple.

So, if you bought an investment property for $500,000 and sold it for $1,000,000 you pay capital gains on the difference which is $500,000 minus deductible costs which goes to the USA tax man. 

I used to sell these policies and the first policies I sold were to my wife and myself.  

On top of that, we transitioned the loan from a community bank to a Freddie Mac agency, making it non-recourse—a significant upgrade.Exit:Today, on August 15, 2024, I’m proud to share that we sold the property for $3.15M.

This past week I've invested some hours after my 9 to 5 (between putting the babies to bed and my own bedtime) into a tool that would help me understand the impact of refinancing, depreciating or selling my LTRs.

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.

From what I can tell, all the material and tools you need for investing out of state are provided and I have heard multiple success stories from it within it's first year being live.

Pricelabs Market Dashboard is a great tool to see rents and find MTR comps on Airbnb quickly