Not always fun, but you learn and get a great idea of everything that's out there.

I have no idea what X is.My only real question I have on this property is this: if/when the lease expires, what is the probability that I either A) couldn't sell the prop(even at a haircut), or B) couldn't re-lease within 12-24 months.

Do you think we should wait to convert Daniel's income into a W2 (which is a possibility for 2018) or do you think investing in a formerly "ghetto" neighborhood a good idea/investment?

@JS Berkenkamp I'll keep appraisal idea in my back pocket.

I love the idea.

Of course, you want comps to be as close to identical as possible in terms of sq ft, beds, baths, rooms, acres, garage, etc.Give me a call if you want and I can give you an idea of the ARV of yours.  

Ok my friend asked me about his idea  - to set up a business to offer landlords upfront payments for their future rent checks at a discount for example rent for year 12,000 - he would offer 10k.

If anyone has any good ideas about how to move forward, please share!  

Great idea. 

They should have a good idea what rents are.