AZREIA does some great things for investors.The Deal you mentioned should be compared with other deals in the area.

The thing is there is a market value and sometimes the market rewards big and sometimes it rewards small.

Based on my pay/allowance calculations, I want to keep my purchase price below $215,000, to leave room in my budget for renovations/repairs/taxes/unforeseen expenses, and will base my final purchase price on comparable rental properties in the area.After 3 years, I would classify the property as an investment property, and hold under an LLC - relevant laws permitting, I would be my own landlord.

You need to find properties that are comparable to the specific property you are looking at and base the ARV based on that information.

There usually is not a big enough spread of comps to make a profit if you are limited to 60 comparable properties and maybe 5 actual sales in the last 12 months.Some people who mail free-and-clear condo owners seem to do quite well.

All these things factored in would seem to make it difficult to compare yearly income to purchase price.

I'm not sure that I'm as comparable perching rehab properties now at the higher prices as I was several years ago.

It's less desireable compared to newer homes and neighborhoods.

Hey Rob, have you ever used any program before to compare to?

Inspections are cheap compared to what you stand to lose if you miss something.