Comparable properties in the area are currently valued at an outdated $1.1 million.

This also gives me "ideas" as to what I can to rehab/remodel the property (by comparing it to other properties like it in the neighborhood)3.

Cash out rates will be higher for the same borrower profile compared to a purchase.

With still open land and affordable housing (compared to the metro areas of Orlando and Tampa Bay) it is one of the places people are flocking.Interested?

I'd start by assessing their performance - compare the actuals to the airdna / bnbcalc projections, assess the ratings and reviews on the listing.

To this day, I've only had 2 losses and they totaled about $8k - a pittance when compared to the profits. 

Compare what he will charge to build for you as a client and then bring up the partnership and see what the difference is.After that, run the numbers on what his townhomes across the street are selling for or what they expect to sell for.

We don’t know any PMCs to recommend in the area mentioned, but since selecting the wrong PMC is usually more harmful than selecting a bad tenant, you might want to read our series about “How to Screen a PMC Better than a Tenant”:https://www.biggerpockets.com/member-blogs/3094/91877-how-to-screen-a-pmc-better-than-a-tenant-part-1-services-and-processesWe recommend you get management contracts from several PMCs and compare the services they cover and, more importantly, what they each DO NOT cover.

@Ayyoub Reza what research have you done on this competing property to determine how it compares to yours?

Now that I've been able to build a portfolio I get a little more enthusiasm from agents compared to when I started.