So those listing just languish.. and the home owner looking to buy will not pay a 200k premium for tree's they just won't... so that's were we come in watching these listing languish and then make a deal .. the owner usually does not want to log because they want their 500k tax free or in many cases they are just to emotionally tied to the land and trees they wont harvest them..  

Hello BP family, I am looking to make an offer on the following property:Condominium 2 bedrooms2 bath1,204 sq ft patio with storage, near pool, wood floors, washer/dryer, fridge includedseller wants $1,850 per month and wants to sell for $335,000I checked the comps using Zillow and it looks like a comparable unit that is a 2/2 that has all upgrades and is asking 313k, the owner said this unit just sold for 310kall the upgrades: dark wood floors throughout, granite counters, stainless steel appliances, recessed lighting, pedestal lighting, upgraded trim, counter back splash, new cabinets and fixtures, floating shelves and a new HVAC unit.Whereas the unit I want to make an offer on has none of these things, but does have a larger square footage (1,204 sf compared to 952 sf).

I get over to your neck of the woods every May for the Berkshire Hathaway Annual Meeting.

Hello BP Family,I'd really appreciate it if someone would point me in the direction of finding a good experienced contractor/investor or simply a contractor in the NYC area who can give me repair estimates (items [ex. windows, hard wood floors, countertops, etc] and labor) for your typical single or multifamily house.I don't expect something for nothing so I'm prepared to compensate them for their time and energy for assisting me with this.

For that flexibility I can charge a premium. 

Summary: No fools on Wall Street are paying a premium for an unproven SFR hedge fund investment concept.

Good for you. ( Dont jump to hard on that great old wood floor in your house- you just might find yourself in the basement :)  Joel thanks for such a detailed response - not sure all the terms are familiar to me - but will do some research.

@Shane Woods I appreciate you sharing!

Thanks a million @Shane Woods

When buying multi-family turnkeys, what sort of cap rate premium is expected/preferred?