To determine a realistic and justifiable ARV for this property with a 4,000 sq. ft. luxury home, I analyzed comparable sales close by in Jamestown, RI, focusing on price per square foot and property characteristics.Step 1: Identifying Comparable SalesI selected six high-end waterfront properties in Jamestown that share similar lot sizes, locations, and luxury build quality.

Not sure their volume its certainly not like Kiavi or lima or one of the big players..

Quote from @Blair Ross Jr: What platforms or programs do you use to assist you in selecting a tenant?

I would select one marketing method and become an expert at it.

So I have a house I am going to be selling in a couple weeks in the Clearwater Florida area, but I’m confused about what the agents are saying. I have it narrowed down to two agents, one has more general experience i...

It's also helpful to look into insurance coverage for fire-damaged properties, as some insurers might be more selective about coverage.

If you are on the fence between direct ownership and going the syndication route, seek out both investments and select the investment that offers the best fundamentals and return profile.

My short-term goal is to secure my first single-family and rental property, while my long-term vision is to build a thriving real estate portfolio that generates wealth and financial freedom.I’m currently learning the ins and outs of financing, deal analysis, and market selection.

Your point about market fundamentals and the quality of real estate really stood out to me.I’d love to hear more about your approach to two key aspects you mentioned:1️⃣ Market Fundamentals & SelectionWhat key market fundamentals do you prioritize when selecting a market, and how do you analyze them?

If the condition is similar to the market average but your rent is severely under market rate then I take an average between the current rent and the market rent and send them the following message 2 months before their lease is up (assuming you aren't in a rent control market),Dear Tenant,Some nice words and remind them that their lease is up within 2 months, please select the following options about their new lease, also mention that you are doing the best you can to maintain the rent as low as possible but with inflation, insurance and property taxes increasing, you have to raise the rent to keep up with the rising expenses. 1.