I understand marketing campaigns, and the need to "stay the course" before you "throw-in-the-towel", but I'm considering dropping this campaign.I've been doing it for about 6 months, with minimal results.  

I would suggest stay small and dominate the niche instead of trying to trade up to larger units. 

I know the formula is a guide/base line but when you have ARVs hovering around the million dollar range, is there a rule of thumb or a percentage amount increase to determine purchase price?

These things all help on a flip, but it seems most rentals get the bare minimum work/finishes to stay in line with the rent rate.

Let them guide you.

As a realtor doing BPOs I am usually guided by past similar sales and current listings, and I usually go by cost per Sq .ft.

If my rent assumption is off and I get $2,400/month, then my returns (assuming everything else (even the $170k) stays the same, it returns slightly over 7%.This is where I'm stuck right now, and I'm seeking advice from those who've been there who can tell me that my assumptions are good or bad.Thank you!

You work for a pay check and stay for a pension.

How late do you plan on staying in Merced?

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