Firstly, it often generates higher rental income compared to long-term leases, particularly in desirable locations or during peak seasons.

You look for comparable sales for other distressed properties that are similar and nearby and also counter that with finished version comps so you can see what your perceived spread could be.

- You or the PMC can get 3 bids, but who is going to know how to accurately compare them and understand if something is missing - that will require more work+charges once the project has started (a standard tactic by many contractors!)?

If you were comparing RE/MAX Broker A to RE/MAX Broker B, then I would say it probably doesn't matter.

Long Backstory, but my Dad owns a house in Greensboro, NC but has not lived in it consistently in 4-5 years.

My cost basis for my properties are consistently off from my tax returns because Stessa will include everything in the basis even though it shouldn't be.  

The thing I didn't like about RentRedi after doing lots of research and preparing a spreadsheet with features and costs, is that RentRedi doesn't disclose up front that the accounting portion is linked to another company and is extra and, frankly, comparable to the pricing of the "big boys."   

Its pretty much a necessity as the loans are so large on average compared to other areas of the country..

Dundalk I would prefer compared to Essex as it's closer to the city. 

The cost to maintain them probably wouldn’t be exactly 8x as compared to the single 8-unit, but it sure as hell isn’t a 1-to-1 ratio either.