@Srikant PuvvadaI wish I could answer this question directly, but cap rates are highly dependent on the market and asset type.

The improvements boosted its market value, leading to a successful sale at $65,000 on 8/21/2024, showcasing our strategic approach and effective project execution.

Plus we get a lot of people moving here from out of market and when coming from Chicago, New York, or Los Angeles, it looks like everything is on sale here comparatively speaking. 

https://www.biggerpockets.com/blog/best-college-markets-for-...We cover this and more in our weekly BiggerStays newsletter, which is for all things STR.

Especially now that guests have a lot of options in most markets.We used to have it off when it was a lopsided market but now it is more competitive you need to remove as many barriers to renting as possible. 

Unlike real estate wholesaling of finding homes off market - notes are not off market2.

That experience pushed me to grow, learn, and ultimately do what I’m doing today—helping others create successful off-market real estate strategies.

The current offering in Carrollton, TX is an off-market deal with favorable terms. 

What's the best exit strategy in Colorado market?

Amazingly, it is apparently nearly impossible to get decent comps for this so I'm not sure how to approach figuring out whether to outright sell it (and for what price), fix it up as a rental, or market it as a knockdown for the land.