On projected current rates and Expenses based on NOI I got a valuation that is 50 - 55 % lower than the asking price which is based on comparable residential units in the area I was looking at ...  

Can only be 765 Sq ft based on primary residence Sq ft.

That is what helped me to build my network and knowledge base super quick.

. - Choose your market based on your goals. 

We're based in NY but have clients throughout the whole country.

This is why everyone want to become GP lol ;-)- So in your personal consideation, all in all, LP investment in bad market would perform even worse compare to invest to direct ownership- However, lets say now is good time to invest and market is good, then it is best to become GP of syndicator because you would make money 2000 times more LOL - hope you get it how you approach investment based on time and risk perspective.

View report*This link comes directly from our calculators, based on information input by the member who posted.

If you can buy for about 25- 30% less you should be ok, but I will not touch it.

One does not imply the other.Everytime someone is having a hard time here, they start to troubleshoot but make complete random decisions based on absolutely nothing.So DMM doesn't work, and cold claling doesn't work, SO...

It seems IRS Publication 527 (2023), Residential Rental Property would say it's 10% based on their example.