What's the Monthly-Rent-PP-Ratio in your market?
Believe it or not, here in Burbank, it's .004 - .005 (.5% at best).
A better question is what is the rent to 'all in" ratio.
You may be able to find better deals buying distressed property and then renovating.
But you must include your renovation and holding costs in your all in number when calculating.
@Max T. Indeed! That's what I meant by PP (All in).
So BP what is the monthly rent to All In purchase price ratio in your market?
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