Use that number to compare against the rents for the area.

@Jacob Kline, i do not use carrot, but it would be the same idea. my guess is the better branded the site the higher the conversion. as in people are more likely to fill out the lead form on something like iwanttobuyyourhomenow.com compared to abcdefg.com. we have our leads tied to Podio, this along with some other tools, automatically sends out texts, automated calls and emails.

If someone is comparing it to other 3 bedroom units the layout is worse.

We paid cash for the full asking price which was the same price as single lot comparables.

Before sending the financials to you they will see how they compare to the OM/Pro-forma and they will look for anything that sticks out.

I don't have a ton of experience or have read a lot about the vacation rentals as compared to her, but I also deal with most of the work on our two current properties.

Other than oblivious items like appreciation, medium house price, vacancy rates, expected population growth, etc...What are other things you look for, compare and analyze when looking at new markets and states to invest into??

The only caveat I have with rents per square foot, is that in lower-income neighborhoods and lower rents, prospective tenants generally don't look at the "per sq ft" cost and are instead looking at the "bulk" costs and comparing that to other rentals in the area. 

Look at the comparables for rentals for finishes and don't go over the top. 

The issue is, from my understanding he does not fully recognize all the rehab that needs to be done to be compared to housing prices nearby (600k~).I do not want to take this guy for a ride, but I also do not want to overpay, all while trying to be respectful when making an offer.