Ignoring it and focusing only on metrics like cash on cash will tend to push you towards lower quality neighborhoods with weaker long term supply and demand fundamentals, yet better day one cash flow on paper.

Personally, I would feel comfortable living here, but this is just based on my perception of the area and the apparent quality of the nearby units/yards/etc.

Still waiting to see if the quality is acceptable. time will tell.

My two main complaints with PMs are:- Lack of professionalism: Shows in lack of communication, poor quality of service to tenants, lack of follow-up on owner requests, sub-par selection of tenants, etc. - Excessive cost: Advertising 10% upfront and then charging for everything under the sun is deceptive at best, and dishonest at worst.

Your per square foot can range between $50-$95 per square depending on quality of workmanship and relevant conditions of units in the immediate area.Let me know if you have any questions.Regards,Joe Scorese

I enjoy the higher quality tenants I have apply for my houses verses my 2-families.

Young professionals looking for 1 bedrooms or in a not so great area, higher crime with lower quality tenants? 

As money builds up they are willing to take less return for a higher quality asset.Example they get 8% on 2 million investment for 160,000 a year.

A seller selling might not make a deal just on price but other terms they find important.Buyers can be serial lookers and time wasters if they are not realistic with the market.A broker/agent and an investor should talk about expectations upfront to see if they are a match for each other or not.Of course every investor wants a deal but there is a difference between finding the best quality at the better pricing in the market and wanting a pricing cycle of 3 years ago that does not exist today.

I realized that how much I was trying to pay for the quality I wanted didnt match up.