My wife and I moved to Tampa and had to decide whether to sell or rent our home.Ultimately, the decision came down to a few factors.

The main issue with SFRs compared to multifamily is scalability.

Also ask about overdue maintenance if the person showing you the home has that knowledge.Once you know the ARV (make sure this is as solid as possible), you can calculate MAO as:ARV  x  [65% or 70% (depending on several factors)]  -  Repair Costs  =  MOADig around BP for blog posts on the topic.

I’m just trying to figure out my personal investment philosophy and how that factors...

It would just be an insurmountable task to go out and find every single code violation existing in any given jurisdiction and that is the main reason code violations exist seemingly everywhere.

I chose what i thought would be a conservative number for 2 main reasons: there are only a few exterior pictures in the listing, which led me to be believe the inside may need work and that the landlord is not on good terms with his/her tenants.

If a detatched ADU is built in the backyard, it would need to have a new 100 Amp electrical subpanel right from the main electrical meter installed by the utility company.

Are you between bryden and broad or near south of main?

Details:Outstanding loan amount on the home is $187kPreviously listed for sale this year at $250kArea comps are around $300k and rents around $2000/moPhotos in sale listing show a mild hoarding situation and listing says house needs some workMy main question is, in a sale like this, if the outstanding loan balance is $187k, is that all the mortgage company is concerned with or are they looking to make as much as possible?

Unfortunately it's not that easy, IRR is discount rate that makes the net present value (NPV) of all cash flows from your deal equal to zero.I would only use it in a situation where you are looking at two deals and all other factors are the same (which is almost never the case).Or if you are looking at deals with a IRR of 15% to 20% and you run across a deal that says they are estimating a 10% IRR then that's not going to work and you can eliminate it.