Please share if you have similar experience in this and let me know if you have any question about this type of investment project.

I had a similar experience to you Josh and my management company said all of their other owners are experiencing the same.

I'm coming to a similar conclusion.

@Ramada EvansBefore putting in any offers, I would make sure you know what the going rate is for a 12-month lease in your neighborhood, for a similar property (in its current condition and if you updated it).

That’s actually very similar to what Im trying to do, I’ve heard a number of good things with section 8.

Check for properties with similar squarre footage, location and amenities. 

The rehab estimate seems very low and the ARV seems really high in my opinion, just based on a tiny bit of research looking at what this property was listed for recently (it hasn’t sold), and what the surrounding similar properties are worth (~$250k).

I think their general stance is going to be to go with whichever comparable property has the greatest degree of similarity in terms of (probably, in this order): location, age built, quality of construction/current condition, and square footage.

Similarly, if you put several Class D tenants in a Class A 4-plex, what do you think will happen to the property?

I’ve seen folks pick up land in similar setups.. sure, maybe not always in Wyoming, but in pockets around San Antonio where people said, ‘Oh, that’s just dry scrubland,’ adn now those owners are sitting pretty with properties they can eventually develop or flip.