Christy was right to suggest that the better the nearby schools etc, the LOWER the likely cap rate (ie. purchase price goes up more than the corresponding rent return part of the equation).

@Mandy CohenA few notes of feedback:1) If you're looking to 1031, have you thought about investing in  DST's?

You probably mean the tax return you filed in 2023, and that was your 2022 tax return.When you file your next return later this year, which will be your 2023 tax return, you will need to also file Form 3115 with corresponding attachments recalculating depreciation for all prior years, including the years when you did and the years when you did not claim depreciation.

The help center provides instructions for mapping GL codes to corresponding boxes but NOT when extracting data via "Owner by management".

It lists all the cities within MA over 10k in population and corresponding data.MA Cities Market Indicators SpreadsheetSince you are looking for both appreciation and cash flow I suggest paying close attention the the columns labeled median home value 5y cagr and rent to price ratio Find a location that has decently favorable numbers for both indicators and you should find what you are looking forHope this helps! 

I had to get my NMLS license and find a correspondent broker with live access to over 80 lenders for pricing and products but still have to individually review guidelines and seek specific products based on the borrower's needs.

Whether it involves email correspondence, written agreements, or meeting minutes, the practice of maintaining comprehensive records is essential for upholding transparency and clarity in any business or organizational setting.Documenting the process through detailed records, including agreements, communications, and any changes or modifications, will help protect both parties in case of any disputes or disagreements that may arise in the future.

You also have the tenants email address correspondence that ties them to whatever they signed.

They do give us an estimate at that time, but it isn't until the tenant has been in the property for a few weeks that we get correspondence saying exactly what their portion is.

Also, this is typically the kind of issues that would arise if there's a large increase in supply without a corresponding increase in demand.