Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

Taxes can be found in the central appraisal district in which the property is locatedAn agent can help you find the Sf price using comparables from mls databaseClosing costs are somewhere between 2 to 5% depending on purchase price Honestly four plexes are nearly non existent compared to houses here in DFW.

It looks like a lot of homes in that area are not necessarily cookie cutter and comparable to other sold homes near by.

I'm looking at acquiring my first rental property, and I'm curious how most of you acquire yours. Do you typically go through a realtor, or do you go for off-market deals? I have found that several of the listing pric...

Cap Rate assumes you paid cash for the property and is more commonly used when comparing one property versus another, irrespective of what your financing plans are.

I believe the value is higher than it was when we bought because of the rent increases and improvements we have made, but value can be subjective depending on the metric you are using (or more specifically what metric potential buyers would use), whether or not that be using comparable sales, cap rates, cash on cash return, the 1% rule, etc... 

Make sure you get your hands on the historical financials and a current rent roll and perform a rental comparable analysis to determine accurate, post-renovation rents. 

HOWEVER, it's worth it for me as I just received a $40k buyer broker commission on the purchase of my own property.If you research all the costs and compare it to what you potentially can save on your own purchases, plus commissions on any transactions that you worked on for clients, you can figure out whether or not it would be worth it for you.

Unfortunately Bridge loans carry a higher rate that’s more comparable to commercial lending.

It's true that you can't really compare average price to average rent.