Pay attention to sales price and local sales stay away from new construction or anything recently remodeled.

We certainly made that mistake, with both listing-level and group-level customizations.Or there might be some other sensitivity settings you could use, e.g. the weight of local hotels in the algorithm (the default is super low, but in some markets, that's what you want to align to).We've been using PL 4 years now, and it's still a learning curve (and I say that as someone that's spoken in a webinar on behalf of Pricelabs on revenue management strategy).

Zoning and Land Use: Check with local zoning authorities to verify the property's zoning classification and ensure it aligns with your intended use.

I'm an active broker in the Minneapolis area, happy to chat about the local market if you'd like.

I prefer to invest locally to where I live as it eliminates a lot of potential challenges and I know the market well.

Currently about to remodel one side of our duplex from a 2 bed/2 bath to a 3 bed/2 bath with upgraded mini split ductless HVAC system.We've been doing real estate investing for over 10 years and I'm close to finishing developing a land lording class for local landlords to learn from my mistakes of 10 years and similar to the BP mentality ensure landlords are raising the bar to push the less than reputable landlords out as we feel our tenants deserve better! 

To start, these are the fundamental underwriting inputs the GP/Syndicator will be making when arriving at their offer price:Management Fees: This will be very similar to any other bidder who relies on 3rd party management (and generally more expensive than a local operator who benefits from the efficiency of managing an existing local portfolio).

Use very localized market locations to raise your ship.  

A buddy of mine @Brian Green is a local real estate expert there in Saratoga.

Would love to network with and learn from any local professionals that can provide any guidance & assistance.