From what I've heard so far there are plenty of buyers but low inventory.

My actual insurance premiums range from under 1% of ARV to around 1.5% for Replacement Coverage.

It also depends on price range etc. the one bed one bath will be on the lower end of pricing in the area so I may recommend getting a realtor to do the credit checks to make sure you get a good tenant unless you are comfortable doing it on your own.

I'm Interested buying several lots ranging from 1-4 acres for a total of 12.97 acres.

By the time I'm finished the property will fit within the comp range in that neighborhood.

Actually, it's not that meaningful in reality and it is a short term indicator, not a good long range assumption for pro-forma analysis.Then, what is a good IRR?

I'm on a large investment brokerages marketing list for Manhattan and Brooklyn and I've been receiving offerings running in the 3.5% - 4% range for four to six story walk ups some with ground floor retail.Because I'm not a buyer in these markets I've not actually analysed the markets and or market comps.You should reach out to the broker for clarification on the free market rental units.Note: I'm sure you are aware of this, but in the event your aren't the rent controlled units are nearly impossible to convert to free market.

in an area, town, county etc - this is similar to Tray's question but his was very specific - this is a general question for any state of the union.thanksklh

@Emir Putra Raleigh has low inventory so if you find a property it should be easy to find a buyer if not then the numbers are off on the deal.

Just driving around my neighborhood there seems to be less and less inventory on the market, and foreclosures are harder to come by than they were 4 or 5 years ago.