OP, I've actually had a client was in the business of buying and re-developing medium-sized hotels. (20+ rooms, mom-and-pop owners, value add)He used a cap-rate and was familiar most real-state metrics but he instructed me to do this:Take net revenue and times it by 3.

., that the ammonia smell was so strong he refused to enter.

This response neither constitutes legal or tax advice nor establishes an attorney-client relationship.

Taxes are not good, and our bureaucracy is bloated due to strong towns and weak counties.But there are other ways to look at the state.  

If a property has strong cash flow, appreciation can theoretically be zero, or even negative, and you will still make money. 

Wish I were closer, I'm in Terre Haute and about 85% of my clients are investors.  

I've been working as a real estate agent, helping my clients to buy and sell houses and manage some investment properties.

Hi Brian, I'm in Conway and it is a strong seller's market right now.  

There are many other properties on the market, but right now, the market is very strong from what I have been seeing and the properties on the market right now are listed at retail value and still need work. 

Especially if their "deals" aren't particularly strong?...