I'm expecting a package deal of 4 SFH rentals. How to value?

[Dan N.]

Hi there,

A co-worker with some single-family rentals has asked whether I would like to purchase a package of 4 of them, 3 currently with tenants and one nearly ready to rent. These are 90 minutes away from where we live, in a city where I have one other rental house.

I have never purchased houses as a package and I'm wondering how I should value them? Should I just evaluate each on its own merits and then add up the total? Should I expect a volume discount off of that? I have not been offerred a price yet.

Regards,

Dan