Analyzing properties (actual or mkt value rents)
Hello everyone,
I analyze a property a day (sometimes two) and it has made all the difference in my comfortability level. I analyze properties from the MLS and it usually says how much the current tenants are paying to rent (always way below market value). Then i analyze the same property using market value rents because i expect to add value and raise rent after my purchase . Which one should i use to determine what I can pay for the property, Market value rents or the below market value rent given on the MLS? I think the MLS rent makes more sense but i want to be sure i am doing things the correct way.