The property prices are lower compared to other markets, and the rental demand in certain neighborhoods can be pretty strong.Of course, it's always good to dive into specifics about the areas you're considering within Mepmhis.

Those aren't appraised via income approach, they're appraised using comparable sales approach.

In rural areas building size and age can vary a lot, the comps are literally not very comparable. 

Look at the comparable for what you want to sell/ rent at and go off of that.

I've noticed that the discounts tend to be pretty decent when compared to the actual cost of renovation (not flipping status, just better in general).3.

Hi BP friends, I usually use PropertyShark to examine and compare properties for my analysis.  

If you're considering this route, comparing different providers and understanding their specific requirements is advisable.

Look at other comparable rentals on Zillow and see how your unit stacks up. 

There is a lengthy discussion comparing and contrasting the "broker" and "finder" parties and their role in the transaction in the court case described here: http://law.justia.com/cases/new-york/other-courts/2010/2010-20104.htmlWhile I realize this does not apply directly to the topic at hand (Wisconsin), I and other BP members in other states should find it very informative and educational.

If the owner isn’t interested in a cash sale, the agent can then provide a Comparative Market Analysis (CMA) and discuss the benefits of listing the property on the MLS.A key point to remember: You do not need to sign a listing agreement with that agent just to receive a cash offer.