., the bill modernizes the definition of accredited investor so those who do not have a high income or high net worth but do have the education and job experience to evaluate investment risks and merits can participate in the growth of promising companies.

The way I'd analyze that is to say what will a really nice (totally new and modern) 2br unit get me in that area and would I buy a $200,000 home as a rental based on those rental prices?

good modern looks, easy install, reasonably priced and as durable or better then anything else 

Not an exact science over the short term with a small sample size.

Its not rocket science, but it does take a certain type of person to be able deal with evictions, leaky pipes and roaches all the time!

Yes there is some subjectivity in appraisals, it's not an exact science but often times when the range of opinion is that huge it's because the appraiser didn't take the time to verify all of their data or isn't truly that well-versed in their market and didn't disclose that fact to the client and take measures to rectify that (i.e. consult other real estate professionals in that area to ensure that their adjustments make sense). 

@Adam Soyak and Account Closed is your guy.Or use the modern technology and work with any of the tax accountants on this forum remotely.

Modern free-market capitalist economics is a relatively new field of interest, and global free-market capitalist economics even newer.

Similarly, newer buildings might only need cosmetic touch ups to bring them up to modern standards.This isn’t single-family residence where you can estimate an ARV (good points by @Michael Le), stick your thumb in the air and estimate.

To make it in today's world, you need to accept modern times.Do not quit any W-2 job until you make enough on the side to pay all your bills each month.