Hypothetical rental

[Dwayne Buckner]

When working any kind of a deal, I always consider the worst case scenario. Try to determine all the things that could go wrong and factor it into my number knowing expenses could be worse than 50 percent. I thought it would be interesting, for academic purposes only, to consider the best case scenario.

I would be interested to know how more experienced REI's would respond to the opposite side of the spectrum. Let's say that you could get a guaranteed $1,000 a month rent on a property (now remember this question is totally hypothetical) and you were magically guaranteed the best renters, no vacancies, no repairs needed, minimum maintenance--in other words your dream come true rental and obviously something you would never plan on happening--ever. Consider appreciation on the low side but steady over a number of years.

What would be the most you would pay for that property?

Thanks,

Dwayne