The only things I want my agent to do is present me with off-market deals, negotiate the buy and sale, and handle everything associated with the transfer of title.I believe it's the investor's responsibility to know the market, know the MLS properties, run the numbers, etc.

No value is transferred from you to them.

If it intimidates you, don't worry, I will attempt to be concise and provide a laymens terms summary.Basic statistics crash course:Obtain as many sample rent data as possible (Zillow works)Define alpha for null hypothesis testing ( 0.05)Run multiple regression analysis (#bed, #bath, sq ft) against active rental list prices.Observe P-values for each metricResult:#Bed - 0.02#Bath - 0.04Sq ft - 0.02All are below or equal to 0.05, reject null hypothesis (statistically significant).Create multiple regression line using coefficients for each metric.Input variables from project property and solve for rent!

No software is good at everything so you have to choose what's important to you:  Is it Data?

Several council members are in favor of putting a cap on the number of allowed STR's (similar to Manitou Springs) but it was put forward by Meghan Herrington and Jill Gaebler that we don't know how many there are until everyone gets registered and then the data will be there. 

A good turnkey company should have solid data to back up those numbers, and they should be happy to talk to you about the specifics, how the numbers are calculated, etc.

Pending sales you have no firm data as to their sales price, or if they will even close.

I think of this all the time when I drive past the local transfer station.

The first question to ask is whether you'll be transferring your job to LA or will you be unemployed and looking for a new job since a w-2/1099 will factor into your ability to get financing?

The Lender Said:  "A $850 payment covers borrower's credit check and basic administrative costs before a loan transfer will be initiated.