What do your sales comparables report for tax amounts versus your deal?

Looking at my own portfolio, the income from my properties is negligible compared to appreciation.

And find out how comparable those places that rent for $500 really are.Without anything else to go by this looks to me like it might be a pretty slim deal.

Our crime problem is nothing compared to what goes on blocks from the White House or in Chicago...

Finding good, reliable contractors was difficult, but the good news is they all know each other, so once you find a couple that you know do quality work, show up on time, finish the job, and have competitive prices, they can point you to other people they have worked with in the past.

I also ask for the turn key co's inspection report and compare the two.You would need to do some due diligence on the turn key company though.

We aren't comparing experienced agents though, this is someone without a license and no experience.

From what I've seen so far, the price per unit seemed to be more favorable in 4 unit+ buildings, and my quick calculations based on rent in comparable buildings made the ROI look better on those properties, too.

I guess one difference between our 2 situations would be that your SF would be appraised based on comparable homes where my commercial multifamily would be appraised based on the income.

This is really a two part question: 1) how do you know what the seller is claiming is what they are actually collecting 2) how do you know that is an appropriate amount (or how much too high/low) it is compared to market rent.1) Ask for a copy of the current leases, and copy of cancelled check or deposits to show that they are collecting that.