If your property's next door neighbor is a roach motel and the comps' neighbors are brand new Paneras, Starbucks, and the best neighborhood in town, that's a pretty flimsy rent comp assumption!

Besides those two things, there are other variables like brand name recognition, fees/splits, office location and policy, mentorship opportunities, and training, arguably one of the most important things.Good luck with your decision!

Good day BP! Just trying to figure out where to start. I have a very good W2 Job that pays well, but would like to get started investing. i have talked about moving into becoming a contractor or realestate agent in...

Brand new into this market and would love some insight on from individuals who are experienced in the city.

What is their brand and thought leadership platform like?

Additional info for voracious readers in need of more context: we are brand new to renting, we have only done live-in-flips thus far.

My name is Chris and I am brand new to BP.

But I don't see people putting in anything other than stainless in the brand new condos in my area.

I'm brand new to REI (still saving up my down payment) and the numbers are absolutely crazy here.

Which sounds completely INSANE to me.This works OK for a $40,000 property in a big city 'hood - where you have some chance to rent it for $800 - but for any nice property in a decent area - I just can't imagine pulling it off.However - I'm brand new and clueless and basically completely scared off by the math above.I think a $200,000 house around me is goint to rent for closer to your $2,200 guess - maybe even only $1800?