However, smaller properties tend to have asking prices influenced by factors like local demand or future appreciation potential, not just rental income.If you're finding that the numbers from the cap rate approach are consistently coming up lower than the asking price, it may be because the market value is being driven by different factors, especially in a competitive or appreciating area.I’d recommend using comparable sales as your primary tool while keeping the income approach in the back of your mind to avoid overpaying.

How do current market conditions influence your decision to flip or hold?

Many of the software just flat won't work otherwise!

I've been in software development for over 15 years and leaving the 9-5 to stay home with our son.

I am looking for recommendations for a software to help me with wholesaling and flipping.

I use QuickBooks for our accounting software, and it has a built-in millage track that I use. 

Taxes, insurance, pest control, utilities, software, etc comes out to around $13k per year each for my 2 bedroom cabins.Also unplanned capital expenses will add up.  

There's other expenses like taxes, prop mgmt software etc.Total operating expenses for the year come to $32k.

With major investors making moves in downtown Dallas and surrounding areas, it raises questions about how these developments will influence the overall market.I'm curious, how do you see the balance between urban and suburban growth playing out in the next few years?

There is not a software I am aware of that breaks down the annual to monthly.