Hello everyone, quick question - What is the best and most precise way to determine fair market rent for a property?

@Hongbing K.I am aware of this chart.

See charts below.), with median days on the market at 5.

There's opportunities everywhere and being precise is a good thing.

Make sure that the PM has extensive experience managing precisely the same kind of property that you are buying, in terms of tenant profile, size, and market.  

Dan, this chart from IRS will be helpful: https://www.irs.gov/pub/irs-tege/rollover_chart.pd...It doesn't matter if your IRA is self-directed or not, if you have a Self-directed Roth IRA - it is still Roth IRA and the same rules would apply to it as if it was a conventional Roth IRA with Fidelity. 

Precisely because inventory is so low and we want to acquire as many units as possible for each fha we do.

However most businesses need additional trade references that will grant credit and report to the credit agencies.Some helpful business sites on building business credit: * Wells Fargo Small Business - Loans and Lines - Comparison Chart * Report on the Role and Function of Credit Rating Agencies * FTC FACTS * D&B Small Business SolutionsSome of my students have use this site with some luck (I know nothing about the service)Business cash advance - http://www.amerimerchantcapital.comSome other help tools * National Business Association http://www.nationalbusiness.org * Small Business Information Center/Research http://sbdcnet.utsa.edu/SBIC/industry.htm * Urban Redevelopment Authority http://www.ura.gov.sg/ * Black Enterprise Online http://www.blackenterprise.com * National Black Business Trade Association http://www.nbbta.org/ * National Black Chamber of Commerce Inc. http://www.nationalbcc.org * Small Business Information Center/Franchise http://sbdcnet.utsa.edu/SBIC/franchise.htm * Unites States Hispanic Chamber of Commerce http://www.ushcc.com * KeyBank's Website Women Focus Section http://www.key.com/women * National Education Center for Women in Busines http://www.e-magnify.com

I'm currently mid-way through my first rehab, planning on building a scale-able business and turning over at least 5 properties next year.Up until now my Chart of Accounts in Quick Books has been set up to handle accounting for my rental properties, but now that I am entering the flipping space I need to make some adjustments.I'm wondering if I should count the purchase and all materials/labor as WIP and then move those costs over to COGS at the time of sale?

The rents seem off the charts but verify that and the taxes are usually high in CHI.