If you like a market, just get a base hit deal there and start spending time at the property getting to know the house, the market, and local vendors.

For example, I used AirDNA for a property and came up with $54,200 annual income, Pricelabs says $24,600, and my estimate based on the property my in laws stay at is $32,000.The income is the hardest for me to estimate, even using enemy method. 

Pay the bill yourself, then reimburse yourself by charging the tenants based on a formula.

Wow - quite the conversation going on since I dropped into this thread last.

I know I will eventually be looking into Disney but I've always been curious about overall annual cashflow being that the market is based on nothing but the theme park market. 

It's important for investors to do their homework and make choices based on their goals and how much risk they are willing to take. 

Two AF bases there, which is usually a good sign for the rental market.  

Lastly..Gang seriously.It is frustrating how much proof I constantly need to post yet so many of you are so invreddibly stubborn so see what is right infront of you, and make decisions based on emotion/opinion, instead of Proof, Data, evidence.It truly is up to you.Want to keep struggling?

They lowered the price a couple times and then I offered another 6.9% below that and we have a deal.I suspect they have a mortgage at 3.6% based on when they last got financing and I REALLY would love that rate, so much that I'm open to re-doing the deal much closer to their most recent listing price if I can get the house subject-to the existing mortgage and give them cash for the difference. 

The 2nd and 3rd floor needs rehab work including, - Full Painting Flooring (Vinyl/Linoleum)- Replace Kitchen cabinets- Renovate the Bathrooms (replace tiles)- Drop a wall and make a corridor- Electrical throughout My question is, do I need to apply for a permit for all of this work?