are all 4 on the same parcel or spread about town? 

This totally depends on the spread of middle class, which compared to San Diego is much more narrow.Like I said, I do not want to be a slumlord...  

Being that I live and invest in Fargo, ND/Moorhead, MN, I have made it my duty to spread the importance of this distinction because I run into far too many out of state investors that associate ALL of ND and it's RE markets with the success of the Western ND oil industry.

The property had a $100k spread between asking price and ARV and it needed mostly cosmetic updates.

Fluctuation, zoning, REzoning, demand, topographical data, etc...To give you simple examples as to how big of a spread between one deed transfer and the next; I have seen land that was bought for 1.25M only to be resold for 80K, a multiparcel that previous owner bought for 500K resold for 5K, etc...Bottom line, in REI land is by far the most rewarding yet the most devastating of investments; and, since you're new to real estate, I think it's best to read about it and do extensive research first and foremost.

Hello Bigger Pockets Community,I work for a real estate development company called CC Solutions. We purchase, renovate, build, and sell properties in the greater Boston area. The company started about a year ago and h...

Hello Bigger Pockets Community,I work for a real estate development company called CC Solutions. We purchase, renovate, build, and sell properties in the greater Boston area. The company started about a year ago and h...

They will spread to adjacent units very quickly and people will carry them from unit to unit.

We had our second home rented out before the closing.At this point and after reading numerous books on real estate, I realized that although we had reached our goal of owning a rental, our finances were completely vertical and I need to spread out to increase cash flow and reduce the impact of a vacant property.In January 2016, I started data basing different markets across the USA.

A simple fix and flip; clean, landscape the yard (in Arizona that means spread some gravel), a couple new light fixtures, and touch-up paint.