The inherited lease was month-to-month.On 7/1/21, I had the tenant sign a brand new lease (not a renewal) to begin 9/1/21. 

I'm brand new to BP and real estate investing.

Replaced rotten floor joists, brand new bathroom, new kitchen, new electrical, new plumbing, new paint.

I thought my lending was squared away, but my brand-new broker ordered a residential appraisal instead of a commercial appraisal.

I am a brand new investor myself looking to purchase my first property in 2022.

See picsGross annual income: $250k_______________________________________Using income approach with cap rate$250k x 0.8 = $200k / 0.0366 = $5,464,480 value (3.6 cap rate with 20% operating expenses (newer building but still operating expenses quite low))—-----------------------------------------------------------------------Future Bevan Ave developmentDesired price: $8.5M18x units Year built: 2023Finishes: Quartz, new Projected gross annual income: $384kUsing income approach with cap rate: $384k x 0.8 = $307,200 / 0.0366 = $8,393,442 (3.6 cap rate with 20% operating expenses (brand new building 20% operating expenses more realistic)—-----------------------------------------------------------------------Comparing the properties by gross income. $384k (Bevan) - $250k (sutherland) = $134k x 0.8 = $107,200 / 0.0366 = $2,928,961 therefore Bevan is $3MM more valuable.

It's really attacktive to live in a huge, brand new community of 3/2 houses with two car garages.

When I try to look at new markets, I like to look at the listings right on Airbnb first, look at if the current BNB's are performing well?.

Most landlords like to see job stability and you being the main source of income having a brand new job will be of concern to many landlords.

It will say there if you just recover your money or have the right to sue for performance.