Greenville, known for its substantial growth, continues to see new construction and renovation projects, making it a highly desirable market.

Cap rate is one metric and it's like using your weight to determine your fitness level. 300lb NFL linemen are faster runners than a 200lb McDonald's regular. 

And the property manager is the only person with a long-term interest in your property, so their opinion carries a lot of weight!

It’s like asking someone how much weight are they losing by getting better sleep.

I find it's best to get your rental data from a few different sources, weight them, and then do the math.

Hello everyone, I've done 3 buy and hold rental properties, and now I want to do flips, I need investors and I have some that have shown interest, in addition to speaking to private lenders that are willing to fund 70% of the LTV (based on the desired property)I'm seeing a lot of deals from wholesalers, but the problem is, some of them close in 2 weeks and some as long as a month, and they don't take conditional offers, and the good ones fly off the shelf really quick.My question is, how does someone like me close one of those deals within this short period, how do you arrange the equity and financing with little to no inspections sometimes even.I'd like to know how do I prepare myself to be able to close one of these good deals right away when they are offered to me and many others?

Start with an established team member in your desired out-of-state market.

Tenants are typically blue collar and many of them are recently employed by the recent boom in logistics and warehousing that is going on in the area (link below to a video I saw on Twitter that actually calls out Eastern PA warehousing as a desirable investment).There’s definitely a decent amount of investment going on and I’ve seen prices jump even in the past few years so competition is growing as people catch on.https://youtu.be/Yvi4MPHcwj0

However with MACRS, the earlier years are still more heavily weighted than the later years. 

We did increase rent after they vacated so if you have no tenants from the start you can start out with your desired rates.