Either way, I think we're all wondering what you mean by comparing apples and oranges.

However to find the value of a home ARV, if your comparing apples to apples (like properties) the market will tell you what that house will sell for.

Congrats on your balance sheet, passive income, 1031 execution and out of state investing...well done.You will want to include predictable rent and market value appreciation in your calculation of ROE to have an apples-to-apples comparison among investment alternatives.  

@Sterling White  fact is there are plenty of CA OR And WA areas that are every bit as affordable as mid west... and compare apples to apples with those markets.You just don't have a turn key industry bombarding LA based investors with that product.

Maybe check our realtor.com or zillow.com for available rentals.Just make sure you are comparing apples to apples.  

Location: professionally managed condo high rise (50 floors). The HOA fee includes basic cable (amongst other things). The mgmt company hired and negotiated a cable provider to service the entire complex. Service is s...

Also like AL Lowry says: If everyone is selling apples, sell oranges, or go to another area and sell apples.Actually sorry to hear this happened to you, you'll be better for this!

I like the fact that you responded from both sides of the fence...here in Indianapolis,IN its the exact same thing property in areas that are bad without section 8 Tennant's... furthermore knowing where the renter is from will help narrow down possible bad apples...This is 2019 and they're folks with vouchers...

You're comparing apples and oranges (i.e. your own calculated cap rate vs the seller's 7.75 cap rate).  

Recommend TV for living room, as it's not feasible to have them in every bedroom (unless tenant provides their own).