Being precise on that number is less critical if you can weather storms should cap rates spike during your hold period.

Up next week 8/1 to be precise is the the four unit all one bedrooms!

If you can provide insight on how long you have owned the property, how much it was purchased for and your estimated sales price - a more precise figure can be provided. 

That's precisely the situation this is for (non-paying tenants due to the virus). 

I'm still looking for the right balance between precision and affordability, and have definitely not found it yet  :(  I'll give Lancaster a try for the next few closings and see how it turns out. 

Precisely why we are entertaining the idea of listing this on a short term rental site such as AirBnB. 

This is precisely why I self-manage (despite being out of state). 

I know from experience how painful this is, so please do yourself a favor and learn excel, QuickBooks, notion, freshbooks, anything that you can use consistently to get a precise view of your businesses income and expenses on at least a weekly basis, if not daily.- Know the market you are looking into better than anyone you are going to work with.

This is the precise thinking that I think if tagged in with your approach can lead to quicker identification of markets of interest- leading to a resulting deep dive on what the market may do in that area.

Sure, it takes me a while, but the cost to someone pay for my quality and precision- I can’t do it.