@Daniel Sisto,A lot of folks are mistaking the current price run up as a new "bubble" when it's little more than the result of supply vs. demand: home building all but stopped in crash and is taking time to recover.

@Patrick H.I do my own but have met with Jill Sport in Pace, FL for some advice in the past.

The appraisal didn't reveal any major structural issues or the like that would demand a lower price.The NOI was based on the previous 12 months, as supplied by the current property manager.

Normal inventory is around a 6 month supply.

I haven't asked to verify any of the financials YET, however based on what the seller has initially disclosed the property looks like a great deal if the numbers are accurate.Asking Price: $220,000Gross Rental Income:  $3450Two 1bd UnitsFour 2bd UnitsInsurance:     $1500 (seems low)Taxes:           $4000Utilities:         $330/month (Water, Sewer, Trash)Property built in 1970.Seller purchased property in 2013.Property located in transitional area/lower income area, but low crime areaProperty located within mile of High School and elementary school.New Roof 20134 of 6 Units have been remodeled (pictures look very nice)Stacked Washer & Dryers supplied in unitsI would appreciate your opinions!

Even for the private development of 48 duplexes where we installed road, sewer and water supply, we only used 4 or 5" pipes.

Upon move-in if they have dogs, I provide some doggie bags and in addition to pet rules supplied, this is the additional verbiage I use in my Pet Addendum:Tenant agrees promptly remove any pet waste from property at reasonable and appropriate times including but not limited to at least twice per week.

Hello BP,    I have a sports organization that is interested in renting a SFH from us to house some of their players in.These are semi- professional players in the 25-30yr old range.The organization will pay for rent,utilities,security deposit, and damages.We have a system in place to screen ordinary applicants but not this situation.I'm thinking about what I need to do to thoroughly check this opportunity out.

I am very upfront with my clients that deal finding is a team sport.

Inventory is still around 3 months supply depending upon the neighborhood, so prices continue to rise.