In short, I understand that you are looking for an answer that is derived from underlying demographic information but I am telling you that looking at it that way is incorrect. 

These people know the law really well.Notary offices also can explain buyers how to file the taxes derived from purchasing or selling property, and point them to the relevant IRS offices to liquidate their taxes.The land registry here is a nationwide public system where everything is recorded.

Cap EXappliances: 8.33$/mo Roof: 16.67$/mo Water heater: 5$/mo Driveway/Parking: 8.33$/mo flooring: 27.75$/mo structure/framing: 16.67$/mo plumbing: 8.33$/mo Components (garage doors/ect): 8.33$/mo paint: 12.5$/mo Cabinets/counters: 12.5$/mo landscaping: 8.33$/mo Total : $153.57/ MoI derived the Cap ex numbers from a BP post.

I told him I wasn't sure paying taxes on illegally derived income made it legal, but I said show me your taxes.

This is generally why Multifamily is valued based on current market derived cap rates using the Income Approach assuming a stabilized occupancy of the coming year.

Bad real estate investments predominantly are derived from poor business and investment plans on a deal level, and not so much due to the market.  

That being said, I hope that the explanation of how this works gives you more confidence in how the current price was derived and that you'll join us in just a few weeks!

I'm personally looking forward to connecting with those who are looking to expand their portfolios and stay ahead of the increasingly parabolic volatility curve derived by the stock market!  

Just my own terminology, instead of deriving a value based on the cost approach and building up to an ARV, you look at what properties are already selling for and flow down to determine your rehab costs based on what you can sell the after-rehabbed property for. 

The highest and best value derived from college isn’t necessarily the degree(s) you earn, but the way your brain is re-wired to problem solve differently as well as the relationships you form while there.You never know, your best friend in college might be your future JV partner who has many of the skills you lack, and you likely wouldn’t have met him or her if you weren’t in school together.As a side note, I don’t think the two things are mutually exclusive.