I would double check and make sure they are a legitimate license lender. 

Cost to build- which should be double now, if this property is more than 5 years old., B.  

For context the comps are roughly the same sqft, 200sqft give or take, same beds/bath, same lot size, same year built.To help, here are my numbers.

Close to double that if owner wants the listing agent present for showings2. ask for pre-approval, ID, timeline, duration of home search, reason for buying, and additional pre-screening questions as needed

I have found that their sweet spot is after you have flipped 2 properties, as they have a number of programs (Zero Gravity, Double-Double, and standard) that can suit your deal and what you need at that time.Happy to help navigate it if you are needing some help breaking them down.Good luck!

I'll double check demographics and include in my decision making process. 

Goal is to double the equity ( nothing guaranteed ) in 3 years or under time between equity growth and cash flow.I stick to more strong suburban to urban core markets.

The biggest things to compare: location, beds/baths, square footage, quality.Keep in mind, there may be ten other homes priced at $1800, but that doesn't mean they actually rent for that price.

One already had electric heat in the upstairs unit and the other duplex needed a new boiler when we purchased it anyway, so we installed a new propane boiler for heat/hot water in the large unit and a couple Rinnais in the 1-bed unit.

@Matt J.As an out-of-state investor in San Diego, key tax and legal considerations include filing a California non-resident tax return for rental income or capital gains, managing double taxation with potential tax credits from your home state, and complying with withholding requirements on property sales.