Since you asked - I believe I'd be paying approximately 20% +/- above market value.

Whether it’s insight into the local market, tips for managing renovations, or just sharing your journey, we’d be grateful for any support.

With market rent in the area reaching up to $1,400/month, there’s great potential for increased cash flow.

From what I’ve seen, the value of a premium listing really depends on a couple of factors: the local market's activity and how saturated it is with similar rentals.

That Depends on how busy they are and how busy your market is.

No telling what issues this could have caused if I didn’t know they moved out and there was no power to the home for a month.

Always get professional inspections and understand the local market.

This seems mostly an academic exercise as lease rate and Cap Rate are largely set by the market.

to me its market dependent and hind sight you know what they say.so for me it was selling the 2 homes I had in Palo Alto and one in MIlpitas.Milpitas I bought that brand new for 79k  Palo Alto one of them I paid 180k for and the other 350k.. if I held those until today..

I'm not interested in fannie/freddie secondary market loans as they're a totally different animal.