Purchase price: $145,000 Cash invested: $15,000 I obtained the home 9 years and am holding it for cashflow as a single family long term rental.

Small investor, looking to purchase one to two single family homes per year over the next 7-10 years? 

The reason to have comparables is if you are representing someone or perhaps purchasing a house for yourself to live in.

Our goal is to purchase 1 property a year for the next 10 years. 

The seller's LLC pays capital gains tax and depreciation recapture, while the buyer's LLC uses the purchase price as the new cost basis.

Obviously if I intend to have a top performing STR in this market, my buy box will allow for a much higher max purchase price, but I wouldn't feel comfortable with shooting for the max if there aren't clear ways to beat these competing properties.

When Trying to qualify for a traditional loan, lenders usually price your purchasing power at 3x your net income.

We put 100% of the purchase price per the contract into escrow 2 days before closing.5.

The key to purchasing more real estate is by focusing on the fundamentals of the real estate.

NOI divided by purchase price gives you cap rate.