That means that's a town that has had no growth in 50 years and little appreciation too.One of the areas where I have bought, I sold a property in 2008, then sold the identical property next door in 2013 for 60% less. 

I actually have someone in contract with a situation almost identical.

@Mio Chee set up is for sure a hard thing to look at, I would love to set up the Aanonimity but it seems diluted and hard, anything that seems that complex to hide your identity just doesn't feel right, hence how easy it is to pierce the vail. but I do believe in the deterrent to keep their form digging too hard.

Let's look at an example of why you can't necessarily say that if cash flow is good, your CoC return will be higher:If you take two identical properties that are right next door to each other and you pay cash for them.

Turn on (only) one same watt incandescent bulb in each unit and see if the meters spin identical, or if one  is a little faster.Running the A/C?

Here is a scenario and questioning how I may project nightly rate and occupancy:I'm going to round up numbers to make it easy.House for sale that is 3/2 and is essentially identical to a local (1 mile away) high performing STR, same rooms, baths and beds and yard etc.The high performing STR has over 200 reviews and is 4.85 in AIRBNB.It is charging an average of $200 a night with dynamic pricing and looks like it is booked at about 80% occupancy.Assuming I buy the new place, fix it up and outfit it the same as the local STR, what % could I expect just starting out relative to an established STR in the same market (neighborhood)?

@Isaiah York - If you are in this to build a portfolio of rental properties, then make your life easier and come up with a standard "tenant proof" rehab template that is as identical as possible across ALL of your properties.

An IRA can be invested into a set of funds that is identical to that of a 401k.

------------------My response is below with question for you to follow-----------------Hi @[Identity Hid]- I so appreciate the response- I love a man who knows their numbers!

For AML requirements it's just required that basic (name, DOB, address, Tax ID Number) identity information is provided.