There is no real magic outside of getting in front of some motivated sellers, try your hand at negotiation, and try to close a deal.  

I'm with nationwide on this...Sold comps is what really matters..Whether on MLS or not....Since you have closed properties already, the title company you normally use can also help with the magic comp number....

As someone who owns several hundred units AND has owned thousands of units, again I repeat=DON'T get hung up on all these magical formulas like 100 bucks per door and 2% 50% crapola.

MBS investors are easily duped by magical formulas that design away risk when it is masked by ratings agencies though and EVERYONE gets to pay for this stupidity.

My magic number is 3.

My W2 income is high, so the tax benefits will be considerable.I don't expect people on the internet who have never seen the place to tell me the magic # to offer.

Even if a prospective buyer thinks they have the magic key to turn it around, it's still very overpriced.

250/300 = 83%:roll: also, if you read these boards a little bit more, buying in at 83% of market value, in this buyers market, isn't going to get you very far in making a real go of the RE business.Unless you are buy/hold (waiting for the magic appreciation), that's going to be a huge cash drain unless you can rent it for ~$4k/month

And just when you start thinking that, you'll go on a run where all your lowball offers magically get accepted.So best advice I have is always to stick with it.

The maintenance guy came over and...magically...it was finally fixed correctly.I lived there for two years and would have stayed much longer.