I have private lenders targeted but was waiting for the first real deal to use as a tool when pitching to my lenders for the first time.Thanks for all the input!

What investment strategy are you trying to implement?

Totally agree with @Jon Holdman The range is huge. 15%+ range for target price.

This is also further supported by the AMC implementation which is a communication buffer.

Yo get cards like Office Depot, Target, etc.

Going to renovate it and sell it a max value to an investor with the target of 15% net cap rate.

It would depend on the local area and your target range.

Having the right mindset and implementing systems are key to a successful business.

I'm in the middle of this nonsense as I write this, which the listing broker states is targeted towards investors, and not O/O.I walked because the 2nd bathroom in the basement is not permitted, and my guess is that it will cost a great deal to bring it to code, which completely throws off the budget, and I consider that a legit reason to walk.All thoughts, comments, and experiences are welcome.

Usually investors have a target cap rate they're looking for and will make an offer that will achieve that rate IF all of their assumptions to produce NOI are correct. http://en.wikipedia.org/wiki/Capitalization_rateEDIT: 500th post - wooo!!