Joe, Your observation about the value of the MLS and agents is appreciated.

Many REITs now 20-40% below their NAV, Net Asset Value.

I had to learn how to guess how much value I could add to a property and base my guesses on facts.The journey was already hard because of the lack of experience and information at the start.

What's the value of "equitable interest" and what are you allowed to do with it?

Example: The value subjected to capital gains of the rentals will be approximately $400,000 due to appreciation. 

Add a value to your time say $50/hr.

I feel like I could do this and provide some value to your podcast!

Estimated value now = $160-$180k.

Original Purchase Price$305,000Down Payment$28,793Closing Costs$11,527Rehab Costs$80,500Mortgage Costs$30,056Utilities$1,275Taxes$2,729Insurance$1,251STR Furnishing$10,142Total Costs$125,953LTR Income$7,000Net STR Income$21,234Total Income$28,234Total Capital Invested$109,246Appraised Value$540,000Loan LTV%70%Loan Amount$378,000Mortgage Balance$325,148Closing Costs$9,805Cash out$43,047Net Capital Invested$66,199Starting Equity$133,207Value Created: $67,008Hours Worked: 595Hourly Wage: $113I was only able to refi at 70% LTV, so I left $66k in the deal.

Loan to value ratio: The higher the loan to value ratio (LTV) is, pricing takes a hit.