Hi allI am wondering what sources pro landlords or property manager using to estimate non-local rent market?

Just looking for a chance to learn something new in a new city and take a break from the regular routine.  

It beats the 2% rule.It's close to the 50% rule.The state's Estimated TCV (what the market value "should" be at) was $150,000. 

The mortgage estimate is $926.73 leaving $231.73 left to pay on the mortgage.

Have you itemized out the rehab costs somewhere else, or are you just estimating $40K total?

This way you increase the chances you can weather a storm if the market crashes without bleeding from the pockets or having to liquidate the property in a none desirable fashion.

I’m asking for maybe a rough estimate or maybe a general outlook of possible profits.

Taking a deposit from tenants helps to mitigate the risk and may keep you from having to file an insurance claim in the event that there is any damage to your unit, plus if the tenants have "skin in the game" in the form of a deposit that they are at risk of losing you may have a better chance of renting to a tenant and getting your unit back in tact at the end of the lease.

If you tell the residents that since they're paying the heat you're reducing rent by $500/year per unit, then you take in $2k less in rent, but save $3k in heating costs(if my estimate of $5k/yr was right.)

I had my general contractor do the inspection and prepare a scope of work and cost estimate.3.