Do we find 4 or 5 similar houses and compare them?

Rent price should be anywhere between 700-1100 based on comparable homes in the area.

There is still a lot of new construction going on around us, and the home has appreciated about 20k in value since purchase (comparing to cost of building the same floor plan).

I started with it because of the lower risk, lower cost of investment compared to anything else.

I passed the first time but by the skin of my teeth compared to real estate brokers tests that I can basically finish in 45 minutes .. some of the mods think I gave up.. but nope done .. 

Ask the tenants to confirm the reported rents on the rent roll (i.e. get estoppels).Verify the rents aren't more than 5% above market rent for comparable units to ensure that as units turnover, you can re-tenant and maintain your cash flow. 

I think you're confusing market cap rates, with a static purchase priced compared to growing NOI.

I never made a solid return there compared to the other properties in Toronto, NYC, Minneapolis, Atlanta and New Orleans ... nor has it been conducive on any level to accomplish projects or business initiatives there.

I am wondering, if anyone has any perspective on how expensive financing compares across options - financed via an opportunity fund investment, versus financing relative to bank financing.

I am wondering, if anyone has any perspective on how expensive financing compares across options - financed via an opportunity fund investment, versus financing relative to bank financing.