The MLS is the best and the most accurate place to find comps, do a CMA and really know the data to be confident that you can sell it for that price you want to sell it for when you are done with the project.

I love digging into the data and running sensitivity analyses on potential deals.I'm looking forward to engaging in the forums, learning from the veterans here, and contributing what I can.

In my HCOL area (median SFH is ~$1m), NAR data from Nov 2021 showed ADUs added less than $20k of value (NAR about one month ago pulled their data on pretext of it being old but I believe the data was pulled because it did not conform to the ADU narrative beneficial to NAR.   

If your focus is long-term appreciation, then low cash-on-cash can still work — but only if:• Your financing terms are aligned with long-term hold• Your reserves are strong• The rent growth assumptions are realistic• You’re not overpaying based on hypeMany newer investors lose margin not because of the market, but because capital structure doesn’t match timeline.Since you’re building, I’d recommend analyzing:• Debt structure (rate, term, flexibility)• Exit options in 5–10 years• Local rent-to-price ratio trends (not just appreciation data)• Job pipeline sustainability (Redstone Arsenal, tech expansion, etc.)If you’d like, I’d be happy to walk through a sample deal structure with you and stress test it for long-term hold.Smart investors plan funding before scaling.

But the ones I've been involved with use SDE (Seller Discretionary Earnings) rather than just EBITDA for cash flow portion of the sum of the parts valuation analysis.As for market comps, LoopNet is fine, but I use Crexi and others on here probably use Argus, but those 2 generally require a subscription for the better data.

Here are the top 5 counties in Eastern Washington for investment properties based on a combination of relative property prices and rental prices, with the most recent data available (primarily from Realtor.com for late 2025).

That is pretty much the point of my post; since I only have experience with full-service PM, data from other investors’ experiences with other alternatives would be extremely helpful in doing such an analysis.  

If I were advising you directly, I would stay focused on facts and documentation: • Provide stronger and truly comparable sales if the ones used are not appropriate • Submit current rent rolls and signed leases that support the higher rents • Document renovations and capital improvements with dates and costs • Point out any factual errors in unit count, condition, or square footage Keep it data driven.

Thank you.OWNERSHIP ENTITY- Obtain copy of deed to confirm legal owner- If domestic LLC, confirm annual registration is current & who can legally sign- If foreign LLC, confirm registered in Michigan (where we & property are) & who can legally sign- If Trust, get paperwork showing who can legally sign- Confirm city assesssor & water dept have correct owner & mailing addressPROPERTY- Confirm we are added to insurance policy- Confirm property taxes are current- Lookup public records for property data- Confirm rental license active- Confirm no outstanding permits, assessments, etc.- TakeOver Evaluation Video & Property Data Sheet, share video with owner for possible repairs- Per owner selections on our PMA, have tax docs, water bills, etc. mailed to us.TENANTS- Send tenant(s) Welcome Aboard Package with TakeOver Questionnaire (confirms occupants, pets, how long there, rent rate, security deposit, who owns appliances, etc.)- Review previous rent ledger for patterns to be aware of, note their lease in PMC software- Try to convert to our Lease, to make it easier on our staff (we don't tell tenants they don't have to do this)- Opportunity to renew/extend lease with increase?

Austin has thousands of live short term rental listings, and based on a combination of platform data and city records, a meaningful percentage of those listings are either unlicensed, operating on expired permits, or relying on gray area compliance.