Scheduling an inspection on a 3 family property. About 3000 sq feet, 945 which includes the inspection, termite, radon, tank sweep, and sewer scope. I was wondering if that’s a fair price ? Help

My weighted average investment property loan is right around 5% (from 4.75% to 5.25% on 30-year fixed).  

How much are you paying for an average STR in your market?

Hands down it was an amazing read and provided a sincere education in regards to connecting with the average reader.

You can filter by the beds and baths and other aspects to make the results as close as possible to the one you're comparing.When I build my semi-automated hotsheet for investors, I take exports from the MLS from both the sales side and the rentals side, pull them into a SQL Server database, do some data cleaning to screen out as much of the garbage as possible, and run what I call my "magic query" that joins sale listing locations to rental listing locations by a conditional match on subdivision and beds/baths, or the average of the entire MLS if the subdivision is given as "METES & BOUNDS", with a flag in the output showing that those M 'n B rental numbers are MLS-wide averages for a given beds/baths and will need a more in-depth evaluation (like rentometer) if the estimated cash on cash return for a classic 20% down scenario, looks promising. 

Below is a chart showing the average reclassification percentages by property type.Apartment Building - 20-40%Conference Center - 25-35%Fitness Center - 22-45%Assisted Living Facility - 22-45%Golf Course - 28-60%Theme Park - 16-22%Grocery Store - 20-45%Hospital - 28-40%Auto-Car Dealership - 29-35%Hotels - 20-40%Research Facility - 22-45%Manufacturing - 20-40%Warehouse - 20-30%Medical Office/Clinic - 22-35%Resort - 25-45%Mixed Use - 20-40%Leasehold Improvements - 20-80%Office Building - 20-30%Retail Strip Mall - 18-40%Winery - 18-25%Restaurant - 20-80%Bank - 30-45%Are there any other types of properties you would like more information on?

To those who say there isn’t a correction coming, explain to me how 24% increase in home values in one year is healthy when the average is 3%. 

Good point, I’ll definitely download a list of that type and use it for reference.

Here is some information:Appraisal Value last year: $80,500Comparable Average Sales past 3 months: $85,000 - $115,000 FHA Loan Balance: $62,000P&I + Insurance and Taxes: $496/monthWater: $35/monthGarbage: $35/monthBedrooms: 4Bathrooms: 1Lot Size: 7,200 sq ftRepairs needed prior to renting OR selling: 1K - 3KParking: In back, no garageRent Est. for this area: $1,000 - $1,200Schools: Probably the worst aroundNeighborhood: Getting better. 

What is the average a commercial appraiser discount the yearly rental profit using the income approach.