So stop everything and study comps, block by block if necessary, until you have enough understanding of value to know if cap rates are even a useful measuring stick in your market, then if so, what are they there?

As far as the vans and block trucks with ads, I believe there are rules against that in L.A.

Recently the neighbor was trying move a vehicle off of his property but the tenant had a vehicle blocking path.

Only solds on that street and another busy one a few blocks west could be used as comps.I'd tell the seller "Sorry, can't get financing with the appraisals.

I moved home in July, thought I was going to stay at home for 6 months, thought about the idea of homeownership, I was at my best friend’s house and overhear her was making pictures for their 20 year block party.

Heck Ideally I'd just like to buy a city block and be done with it all...Sounds like you have a good bit of equity depending on how much work is needed to get to arv...

It can literally be a block to block thing.

Just last week two properties on the same block sold for $127k and $142k.

Company installed this French drain system to quell a water problem that had an opened raised plastic piece that went all the way around the perimeter that extended from under the slab up about 4'-6" along the wall that even had drilled weep holes at the bottom of the block that was designed to allow water that may seep down the wall to go behind this piece then into the pipe surround under the slab they installed then into the sump hole then when enough water accumulated the pump would turn on and discharge the H2O outside.

Hi BP,I may have found a potential wholesale deal if I can get it under contract.ARV = $565k (based on recent sales of 4 similiar properties in Eckington/Bloomingdale DC)Estimated Rehab = $25kAsking Price = $343k3bd/1.5bath...1480 sq ft...Eckington NE DC....few blocks from red line Noma Metro StopLet me know what you think.