Appraisers do look at the market history, amongst other factors to determine market value.

This was paid off several times & the last guy put in a $15k kitchen, complete with granite counter tops, all new hardwood flooring, some appliances & due to his business failing, separation/divorce & just giving up we took it back & paid the current tax arrears of $4k.There will be many opportunities & cash will be the deciding factor, in fact this week we agreed to HML/finance a foreclosure for a fellow investor. 3 rental properties on 16 acres for the asking price of $59k, CASH.

Also, factor in any fix-up work you need to do to the inside and outside of the home.

@Kevin Kim What I see and experience is that single-family with ADU is a better investment vs 2 to 4 units as far as ROI and other factors (tenant quality, location, maintenance, etc).

Once you factor in closing and the cost of roof and A/C whats your cap rate?

I know it depends on the individual /family MAGI, but what is the limit, slabs and does any other factors involve here ?

@Isaac Bazek Atomic Habits, the E Myth Revisited, Rich Dad Poor Dad, Never Split the Difference, The Seven Habits of Highly Effective People, and How to Win Friends and Influence People.

LOCATION is the key in Worcester and probably everywhere, the probability of getting your rent on time, and having respectful tenants is greatly influenced by traffic and neighborhood density

Might be other factors though.Sure not everybody has a soul-sucking existence and many would still want to work their W2 anyway, for as long as they can - that's the optimal situation, and I hope everybody could experience this, but let's assume for the sake of discussion that this is not the case for everybody.

While many are self managed, sophisticated buyers (when it comes time to sell) will be factoring this into their underwriting.