row=19 If you're talking about rentals that are within a block of the beach, I'd expect pretty low CAP rates, but otherwise 5% seems pretty crazy to me for a "normal" MFR!

So I am reaching out to the BP community for advice and or possible investment opportunity for someone.I do not have all the details as of yet, but what I know is the property sits on a double lot one block from the beach (in a very popular beach town).

Granted, I could probably just say its the tenants problem if they can get up the drive, but with no on street parking there's really no where for a tenant to go if they can't get up the drive and it can't be blocked as its an egress for neighbors.

Generally a lender won't finance the sale of ORE.First issue is amounts received above the book value go to the prior owner, that means making a loan and then disbursing loan proceeds to the foreclosed upon borrower, won't happen, IMO.If the bank is beyond this issue with the borrower, they don't lend on properties that they got taking the risk of getting the same property back and going through the same pain again.

@Jamal Atwell -I feel your pain.

FOR SALE: my Duplex in east Austin (78723) Manor rd about 2 blocks north of 51st. 15 min walk to Muller HEB Great area with a lot new development going on.2Bed 1bath / 2Bed 1bath1,907 sq.ft..2 Acre Lotcomparable properties puts it at after renovation value of 315,000 - 350,000comparable rents after renovation are between 1200 - 1400 per unit.

There are decent properties but not full blocks of them unfortunately!

The way I have established market price was actually looking at other listenings on zillow in my area, specifically my neighborhood/block.

And then the same thing for the final adjustor's report, they have a little more math to do.I imagine in theory an insurance company that wanted to be a pain could quibble over some of those numbers.

I get this from one of our neighbors- a rental if it is run down and has loud trashy tenants and cars on blocks would diminish value and rightly cause neighbors anger-- all our rentals are in well established developments-- I give my card to both side neighbors and ask them to please call us if there is excess noise, traffic, residents,etc-- it creates much good will & I also tell the new renter that we have done this with the neighbors-- it puts renters on notice that you will find out about unmoved lawns, animals, etc. as long as your home looks like a home and not a shabby obvious rental, your neighbors will calm down.