Welcome @Levi Caron from a former SLO resident!

I can't speak to all of them, but of the ones I know, appraisers, there's no contest with any Realtor I know now or have ever known and the same goes for any residential or small commercial investor.Not sure I know an investor who can do an appraisal under accepted standards, I doubt it, I know many guess very close to an actual sale price.

@Taylor Green I do agree with the above that its likely sunbelt and coastal areas that have had the largest swings in prices.I am really not involved in residential SFR at all to give you a good gage on what your returns.

Here, on a residential lease, we are not permitted to request or collect rent further in advance than the next rental period.

I sold an 8-plex in Hendersonville to my friend Brian Capossela with Cap Equity Realty in LA and he's done very well with it.

(Your profile indicates you “… have a very solid background in residential and commercial construction and remodels“.)

I'm a residential appraiser, but it should be noted that cap rates come from the market.

If the development is residential, how long do you think it'll be until there are dry-cleaner, insurance agent, restaurant?

You need to check your local residential rental laws to see if you would be impacted similarly.Assuming you want the rental period to remain monthly If your tenant wanted to pay bi-weekly as opposed to semi-monthly, I would insist that each payment remain $1000.00 to ensure rent for the month is payed in-full by the first.At the end of the year, you could carry forward the extra 2K accumulated to the first month of the next year.If his pay is going into a bank account, I do not understand whey he can not simply schedule a recurring {semi}-monthly payment to you for his rent rather than have his employer implement another payroll deduction {it is possible you would not be an eligible recipient}.

I don't think there is anything wrong with someone using an EIN for a residential lease either, BTW.