I am working on a single family rental home, the reported sales for the neighborhood do not reflect rental properties, I used the MLS system leased section to find rental homes in the area for my single family comparable rent schedule. the rental homes are not for sale but listing of rented and for rent homes in the area, the homes used in the comparable grid are reported single family home sales in the neighborhood, most listing in the area do not list as single family income properties. I have established my market rent for the subject, ( it is not currently rented ) and I am at a loss to develope my GRM without a sales price for my rental homes can someone give me some advice, I have not worked an income property in a long time.
Thank You
Bryan
Thank You
Bryan