That’s step 1. step 2 - contact a local commercial broker and ask what the avg cap rate is in the area for SS units. step 3 - use the cap rate the broker provided and the NOI from the docs the seller gave you. 

In my experience, relying solely on pictures can be outright misleading, they do not provide insights into the internal structures or the condition of the roof, plumbing, and wiring to say the least.

This bill would provide that, if the Commission on State Mandates determines that the bill contains costs mandated by the state, reimbursement for those costs shall be made pursuant to the statutory provisions noted above."

Learning from others' experiences and building a network can open up opportunities and provide valuable insights.Given your goal to purchase a cash-flowing rental property, solid financial planning is key.

Asset based lenders / lender to lender financing (those who provide financing to companies for equipment, operations, etc.

You can raise rents but there will be different lengths of time that you have to provide notice depending on how long the tenant has been living there.

I currently have 78 residential doors and 6 commercial properties with a total of 31 tenants.We’re looking to make a change from our current provider.  

Quick Update: I spoke with a property manager service company today and he was able to provide me more insight.

I have also worked with a lot of great property managers that charge reasonable rates and provide excellent service, and I would love to recommend them to you. 

"What can I buy within 45 days that will protect my capital, and provide me with a predictable return?"