I had just sold two single family homes that had been my personal residences long before, and that I had rented out long term after I was reassigned in the Air Force.

Although the economic market can have some impact on it, the CoCR can be anything from 0% to infinity in any market.Like any and all measures, each property is a stand alone analysis, and deal. 

For example, if you tell them they need to pay the term of the lease, they may be forced to stay financially. 

So you have to know the route you're taking so you can go after it full force.

@Brian PownallExcellent data, clearly shows cap rate decline and cap rate compression.This cap rate compression does not impact my investing strategy.My strategy is based more on investing where I have a competitive advantage than relative cap rates.

I do plan on this commercial property being a value add BRRRR in the sense of forcing equity, reducing expenses and raising rents.I look forward to hearing your thoughts on this personal situation and I am beyond thankful to have such a wonderful tool at my fingertips!

I own no property in USA, and most of my legal/financial moorings are based on my location overseas: residence in Korea; bank is US but address of account is based on an Armed Forces Post Office; tax address is my Dad's home in Kansas; precious metal holdings in Florida; no US-based drivers license (lived and worked in Korea since 2008. 

Depending on the situation you may adjust pricing accordingly, especially if in a condo building and it will impact access to balcony, amenities, etc.

There isn't quite enough court business that they can neglect ALL mortgage appraisals, but they can certainly cherry pick the easy ones, and are.Of the mortgage related appraisal orders, the transactions most impacted are for non-vanilla homes.

So I come up against this issue where structures don't have separate meters forcing the landlord to pay the utilities then divide them among the tenants.