@Daniel B.Are there any recently sold comparables in the area? 

I just bought 2 years ago in Summerlin.. and we do half a dozen flips in Vegas a year.. been very good to us.. we do the 6 to 6.5 months a year .. other than weather your tax situation wont change. but boy compared to being a Oregon resident.. what I save in tax being a NV resident paid for the house I bought LOL  within 3 years.

Old landlord only had a $500 deposit which is nothing compared to how much a uncontrolled dog can damage the property.  

@Andrew Michaud what properties are you looking at to get a comparable retail price per door?

The appraisal came out to be less than I wanted ($110,000 compared to $130,000 I was expecting).

Why not both take their referral and find your own and compare them and pick whichever is better, some agents have hidden gems others well.... don't3.

If you're looking for cashflow specifically, then buying in smaller town makes sense because prices are low compared to rents.

Then multiple by 12 (or skip a step take gross monthly rents and multiply by 6) then divide by whatever cap rate you think is reasonable and compare to sale price.

Hi Haydon,I think that sounds about right but compare all the quotes.Is this the house on Acton St near N Berkeley Bart?

Hi fellow members of Bigger Pockets forum,My name is Franz and I'm from Iceland, I have extreme interest in investing in real estate but after analyzing almost 50 deals here in Iceland I can't see any price to rent ratio make any sense financially, and it's hard to calculate it because there are around 0-5 rentals in each town so it's hard to compare to a property that I want to buy and analyze.