I'm literally in the same boat as you, as we previously made a point of seeking water front property, as you might have gathered from above.

Once you get the Cap rate of a property, you must verify that it is accurate and not inflated due to inaccuracies, inflated revenues, or missing or shorted expenses.

Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbookLocate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbookLocate and attend 3 different local REIA club meetings great place to meet people gather resources and info.You might consider Niche or Specialized Housing like student housing.

I much prefer that than having to rely that someone actually knows how to flip a house, keep the books honestly and accurately, and not succumb to the whims of the market, or the building department, or the IRS, or who know what else.

That is much more accurate than whatever the owner or anyone else may tell you.

If you’re still in the idea-gathering phase I would consider the possibility of creating a hybrid space that is a mix of office suites and co-working space.

@Charlie Hampton that's what I heard about Zillow and those other sites but i just thought that a realtor would be more accurate.

Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbookLocate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

If it was daily rental, it might be quite accurate in my experience.