Pete, you're correct regarding the price discrepancy between neighborhoods.

Also, if there is a big discrepancy in rents, in many cases a rent gap coverage can be offered.

My general philosophy is that there is not a wide discrepancy in expected returns between different markets.

I do my research and know the landlord tenant laws very well in all states and localities where I've owned rentals, which is why I know tenants in MD can sue landlords for 3X amount in discrepancy and that a landlord can't just say a security deposit is forfeit but must provide timely notification of itemized actual damages, plus they have much stricter lead rules, required rental inspections/inspection fees, etc... 

Look out for any discrepancies and red flags.

They refuse to answer questions about discrepancies in documents I was given, despite repeated requests.

.- Price Discrepancy: There's a notable difference between the median listing price ($295,000) and the average home value ($201,945).

Have you run into that discrepancy?

The terms you decide on are strictly between you and the seller, so long as they comply with the terms that were set forth in the original loan.In the event you decide to pursue a “subject to” seller financing real estate option, make sure the title is free and clear of any discrepancies.

I've had a few great deals where there was a valuation discrepancy between current use and allowed use.