I’m happy to share more data if interested.

Hey Grant-  what did you end up doing to reconcile the data entry and system alignment between Buildium and QB?  

The happiest day of my investing career was when I transferred ownership to all those houses in one transaction and to never ever go there again with that asset class.But thats me.. section 8 can work but its not as passive as folks claim.

With all this said, to answer your question of how you'd value this for a sale, I'd get a STR specific broker that's able to market your property as a turnkey STR with data on the rents, figures, etc.

Economic Timing.According to data compiled by Marcus & Millichap[2], the Portland area has experienced three very important trends since 2010:The average price per unit for apartments has nearly doubledThe rate of employment growth rose from 2010 to 2015 but has since declined steadily, projected to be up 1% for 2020 (estimated before COVID-19)Roughly 30,000 apartments have been built since 2010, with another 5,600 units slated for construction in 2020Most RHA members have enjoyed a solid decade of price growth, rent growth and steady occupancy.

I found a seller who is motivated to sell his property at a pretty steep discount.My plan is to put the property in escrow on an executory contract/land contract with the condition that the title will transfer once the seller receives his funds.

@Chris Seveney - Where do you get your data on US treasury demand - per your "very weak demand" comment? 

Just DM me if you want any additional data.

If you use niche.com you can pretty easily find median home values, median incomes, an some data pretty easily.

——————————————————————————————————From the previous month, below are some real estate updates, data points, and current events!