Question: Is their a resource that has data on Rent Rates and absorption rates within a specific zip code??

However, if you're ok with self inputting data then you could put an excel document on google or Microsoft cloud for free and train the renters to update the spreadsheet themselves but ensure you keep a master spreadsheet.

Most only break data down to metro areas and small cities.  

In some states the data goes into public records.

If you are an agent, then look in MLS for historical data over the last year or two in the area and type of investment your clients are looking for (say, "2bdrm/1ba condos in Arlington").

Hi all, My partner and I are starting real estate fund in Hong Kong (HK) and applied for a bank account there.

To give you a sense of how much of an issue a major road is, in my market, after much calculating and data tracking, I normally minus around $80K or around 10% off the comps to estimate ARV if the house backs to a major street.

(Emphasis mine)http://www.sec.gov/Archives/edgar/data/896878/000089687813000149/fy13q410-kdocument.htmCall 'em up, Joe, and tell them they are fly-by-night.

Free isn't really free, after all.You can pull data at the recorders's office or you can subscribe to a real data service.The service we use costs $59.95/month for the pro version.I'd post it here but moderators will delete it.

Just for giggles I did some quick math to determine 2012 expense ratios (Expenses/Gross Income) for a couple of my properties for which I have the data handy.4-Unit: 52%SFH: 35%2-Unit: 78%2-Unit: 34%2-Unit: 28%Sort of a scatter-shot...and it will be different in 2013 as new maintenance and repairs are done on some units, and other units require less upkeep as compared to this year.My experience (and I'm by no means the most experienced REI) is that the 50% rule is pretty close for my portfolio.