Quote from @Brian Dolbeare: Hi all, I’m relatively new to real estate investing and I’m struggling with determining accurate market rents in larger markets, like Pittsburgh.

Running background checks on tenants, criminal, eviction, employment history are some way to determine if this is the right tenant for you. 

@Jonathan BockKids are still young to make that determination. 

Thanks for the reply, job and employment data is should help me determine upcoming demand.

Your expense ratio remains flat, and therefore doesn't really create much value in the deal.Compare your 2% rent and expense assumption to what most syndicators underwrite: 5% rent growth after an initial renovation bump; and 2-3% expense growth; and you get vastly different outcomes.As to whose assumptions more closely tie to reality is to be determined, but if you used assumptions more in line with what syndicators are using, I think you will find the return projections narrow dramatically, if not flip to SFRs.  

We found evidence of mental health and familial issues, all sorts of debt, IRS issues, and even YouTube videos showing a life in disarray. 

Your Mental Health.

if there aren't any identical comps, or if they're 120, 140, 162, then you need professional assistance on determining it.you also have to factor in ALL your costs. 

You have to analyze those possible outcomes and determine what you are comfortable with. 

This is similar to other DST that work with CRE assets.Meanwhile, your equity appreciation (or losing) is entirely determined by each house valuation using software --which is objective -- minus 1% "annual management fee".