Thus, the speculation of the trading cap rate (the most common way multifamily real estate is valued) is just that speculation. 3.

I just bought a multi family property in Syracuse, NY and one of the tenants is a real issue.

Also $150/months is $1800 a year, so it would take over a year to catchup rent for every month it sits vacant Issue isn’t the rent it’s your debt and that’s what you should focus onThe other option is to sell it.

Using it now.I'm not sure how old the app is, but it ported to my new phone without any issues.

Plus, I feel like if something goes wrong, I’m out of pocket to fix issues because the property isn’t generating enough to cover even a new a/c. my thought on keeping it was to get my feet wet and make my mistakes on this thing.

Again, not saying there is a right or wrong, it is just knowing what that mark up is.As for fair bidding: again, let's assume there is a plumbing issue.  

This could potentially get around that issue.

The model is very common and usually has mixed to poor results.

You want a desirable location plus with minimal sloping/grading issues and minimal trees.

The 2021 cap rate at that price was 3.5% though I expect lower now with issues and current expenses.