We base it off of the historical data and the real estate cycle in our area and what normally happens around here. 

Good evening BPF,I am trying to locate multifamily units 4 to 5 units and I can't locate information on them. I am a newbie as I stated in my previous posts but I am trying to learn and need some assistance from the i...

I have used three different analysis methodologies for determining the right price to pay for this property.

I interpret this data to mean that Cumberland is undervalued, given all the improvements that will finish in the next 5 years.In Cumberland, they're constructing more highway lanes, more road lanes, Google Fiber, more apartment buildings, more office buildings, a big live/work/play (The Battery Atlanta), and last, but not least, an iFly.

Google, city-data, newspapers, school enrollment type and growth, 

You can use the realtor or Redfin to find comps as they will have the most updated data, then do your own value analysis from those.

Hello David,I have a few questions and info for thought.Where are you getting your expense  data from? 

I wondered why the City of South Bend would hire an out of town company for the study until I looked at their national client list which includes over 450 reports for builders, developers, cities, non-profits, planners, investors, lenders, small companies and development subsidiaries of several Fortune 100 companies.You can read the report here https://www.southbendin.gov/sites/default/files/fi...The report is mainly about the residential market potential of downtown South Bend but the gist of it as it relates to your question is that on page 5 it states that approximately 60% of the households in the entire City of South Bend are owner occupied and 40% are tenant occupied.The US Census Bureau data confirms this with their latest data showing appx 59% owner occupants and 41% tenant occupied here:  https://www.census.gov/quickfacts/table/PST045215/...

Since 1981, the Profile of Home Buyers and Sellers has collected data on the types of homes purchased throughout the three-and-a-half decades.

@Rick - I pulled the data from the probate office and it appropriately references the executor's capacity.