@Chey Zwicker after under contract, get a copy of the current tenant lease and seller’s Schedule E for at least the last two years, which will show you seller’s reported expenses and income.Being five hours away, do you have contacts for inspection, etc.

You'll need to know market trends, including construction costs per foot in your area (or maybe a more profitable area somewhere else) and you'll need to be able to support those numbers with comps, property reports, and crunching them into your own REI cash flow model.

Hi all, New report from Bright. 

I thought the graph below from NorthMarq's 1Q21 Capital Report was interesting with the spread between major market and non-major market cap rates falling to the tightest spread in over a decade.

They reviewed the reports their manager sent them, got on the manager for things that weren't right, were willing to switch managers and contractors and visited on a fairly regular basis.

@Chris Mason can highlight the factors that go into these delayed appraisal reports.

While it's a robust software for simple scenarios, it is often very hard to make it report more complex scenarios correctly.Also, your scenario may be more complicated, and my explanation below is generic.

Ideally it would start as an Excel spreadsheet and then move to a reporting tool like Power BI.

The City of Austin numbers revealed a median sales price of $550,562.

This leads to either an added level of financial commitment (no one has ever back out after paying this fee) or before paying the money they'll usually bring up something proactively that will show up on their report and you can discuss it then.