Before we go into any project we price the existing comparable set of new construction projects delivered in a trailing 12 months compared to the market or zip code averages as well.

@Tyler Garza  comparable sales.

Hello, When running sales comparables to find the value of a subject property, how much of a time difference in terms of year built should the subject property and the sales comparable have been built from each other?

Hi Shelby To determine rental prices and demand in a neighborhood, start by researching comparable rentals in the area, focusing on properties of similar size, type, and amenities.

It doesn't help that interest rates are relatively high compared to the last few years and seem to be going up with the new inflation news and such. 

Lower entry point compared to NY, 3.5hrs away.

But I don’t want to trade my time managing a business for a relatively small net income.The mistake many people make is comparing a real estate investment returns with a real estate business returns.  

Costs a fraction of the funds compared to hiring a cold call agency.

For a 2 unit, an appraiser will rely on comparable sales, but an investor looking for cash-flow may care more about income.

November to March tends to be the slowest leasing period so you are likely fighting that battle, but if you aren't at least beginning to receive more inquiries or having showings without tenants at minimum interested in a mid March/April move-in there are two potential issues: the home is over priced compared to competition or the property is inferior in condition.