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That distinction matters. A practical sequence would be: define the property and intended use, collect comparable advertised and completed prices, list financing and transaction assumptions, then test renovation and management scenarios separately. Keep legal checklists tied to the relevant...

Welcome. I’d start on the local board, then use the market-data discussions to decide which figures belong in your model. Asking prices show seller expectations; completed prices are more useful for comparisons, provided the properties and timing are genuinely similar. After that, look at...

Because this is a small multifamily, consider consistency across the building too. Units will differ, but unexplained differences in review approach can damage trust between neighbours. Keep notes on condition and relevant lease terms so any distinction has a property-based reason.

Rejected offers become useful only if you record why each one differed: price, conditions, timing or simply missing information. Otherwise it is easy to draw a confident lesson from a seller decision whose real motivation you never knew.