Tenants provided their own window units.

It was built in the 60s but just got a new roof, HVAC and water heaters were all updated between 2017-2018 so fairly new, and it’s an active mid-term rental making about $3,200-3,600/month depending on the season and he provided all the documents to support that from the past 1.5 years.

While you can supply important information to the appraiser, such as recent improvements or distinguishing features, they must ultimately provide an impartial market valuation.

@Wes HolmesHard money will have you personally guarantee the loan so if you fail they will go after your personal assets if there are not enough assets in the LLCThis is very common and investor need to realize that LLC may provide you some asset protection but most hard money lenders will get the PGFor us it’s a nonstarter if a borrower won’t sign one there is nothing further to discuss

In that case the extra cost of a home warranty is worthwhile to provide security in case of a significant issue.

A few suggestions/thoughts:- Ask your agent to provide you recent sales (last 12 months) of deals that would have met your criteria, starting with deals they were the broker on.

Do I have any SALT limitations that are impacted since these are not owned by an LLC or do the SALT limitations only apply to primary residences? 

Other things that impact the cap rate can be premium location, newer age for the property vs old building, quality of tenants, etc. 

The examples herein are only meant to provide some ballpark ideas to get you started.In this article, we’ll explore the 3 main criteria you should look into when evaluating projected returns on a potential real estate syndication deal.Three Main CriteriaEach real estate syndication investment summary contains a barrage of useful data.

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!