That property visit will help you to start an apple for apples comparison of market sale comps which will help you establish an ARV.More specifically, ARV is a partially subjective matter based on hard data points, but where it becomes subjective is how variables are interpreted differently by different people.

Does anybody have a good recommendation for a mobile application (iPhone) that can perform IRR, Discount Cash Flow, NPV, as well as other functions, besides the use of an HP10BII calculator.Thanks!

Respect will be given because they will have no choice but to give it to you, when you prove that you are not just some "fly by night" business owner.Granted, there are a few bad apples of the bunch out there spoiling it up for the rest of us true business owners who desire to start long lasting thriving careers of this.

There will always be bad apples but maybe illegals are not given the chance to make a life for themselves fairly.

I found about a new iPhone app that some of my real estate investor clients are using.

Contrasting investing in real estate in a taxable vs tax-sheltered vehicle is an apples and oranges comparison.  

jwilson32,The thing to remember when pulling comps is the compare apples to apples.

But for this the buyer gets a good option to buy price and the seller does not have to fund the improvments or do the work.Can be a win win, or can blow up and the park eat your time and money and defy being turned around.The lease should have a protection for you, in that if collected rents go down, due to kicking out bad apples, you only owe 80% of what is collected..  

I'm sure I would have seen your post had I done a search, but I was on my iPhone and didn't want to bother.

Just made the switch from Apple to Android, and I when I tag someone's name in a conversation it does not let me select the member.