Decent Data quality and unlimited records for 1 flat price.

The benefit being, both Fannie and Freddie recognize the program, and you will be able to price the loan as if it was a primary residence, not a second home or investment property.

As for the example of type of purchase @Jason Wray referenced- that price point reflects an appreciation that has not kept up with appreciation. - using 50% rule, that property is negative cash flow with high LTV loan at current rates. - I suspect every property in Walnut Creek has produced a far better return than that property in the last decade.  

For extra formality, put it on a nice document with your letterhead.Re: Non-Binding Letter of Intent to Purchase Real Property Located at [Property Address]Dear [Recipient's Name]:This non-binding Letter of Intent ("LOI") is submitted by [Your Name] (the "Buyer") to [Recipient's Name] (the "Seller") with the intention of setting forth certain preliminary terms and conditions for the proposed acquisition of the real property located at [Property Address], inclusive of all improvements, appurtenances, and fixtures thereon (the "Property").Purchase PriceThe Buyer hereby proposes to purchase the Property for a total consideration of $[Amount] (the "Purchase Price"), which shall be subject to adjustment based on the results of the due diligence investigations and final negotiations.Earnest Money DepositContingent upon the execution of a definitive Purchase and Sale Agreement (the "PSA"), the Buyer shall deposit earnest money in the amount of $[Amount] (the "Earnest Money") into an escrow account designated by the mutual agreement of the parties.

A 4 unit will be out at that price.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator.So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

Zillow does have a Price my Rental Tool that allows you to manually review rental comps in the area, and I highly recommend it when setting prices.

After 2020, we saw a significant rise in home prices and inflation, accelerated by a variety of factors.

Purchase price: $390,000 Cash invested: $40,000 A rare off market twin in Bala Cynwyd!

Does your price point match what is available in your area?