Based out of Tampa, FL, my interests are directed towards Florida prime and tertiary markets.

The average price of apartments, based on a quick scan of zillow, in Albany, ranged between 150,000-200,000.

Repeat until you've wrapped up your first deal and there you go you have the base knowledge to keep repeating the process and adding to your knowledge along the way.

I am currently looking for investors that consider asset based lending to fund real estate deals in my city.

Right now I just wanted to get some practice researching and gathering information and running comps. rentometer seems pretty accurate for the area based on the rent rates I know about.

Thank you Jason Million I am going to talk to my lender and figure out what they know, and will touch base as soon as possible.

. - Option B is a little more farsighted, and a little less "analysis" based.

I would make an offer based on how much your mortgage would be vs how much your monthly rent roll and operating expenses are.

I have a feeling based on location of property, I may have a tough time finding $.I'd also take recommendations for a local bank for a refi after rehab is done.Thank you!

CAP Rate (Capitalization Rate) is assessing the property's current rate of return based on taking the Net Operating Income (NOI which is correct gross income less operating expenses) and dividing it by the property's value (or purchase price).