With it being a small multifamily unit I am having a difficult time finding comps to use as comparison for the appraisal. 

Have a real estate agent do a cost comparison. 

Now, just as a comparison, the Dallas Fort Worth area does not have a lot of multi-family properties.  

. - Deal Evaluation - Offer Creation - Follow Up Sequences - Transaction Coordination - Seller/Buyer organization Word of caution...

Look at everything that has sold, look at stuff on the market, start making your own comparisons, basically you want to know almost instantly if its a good deal or not (Of course the inspection will give you a better understanding) But from the outside, for the offer, you need to act quick, especially in this market for small multifamily.

Its tiny in comparison to the one I'd be purchasing, so I'm wondering if I should actually be comparing this to actual apartments like mine?

I would first check my loan terms and verify if you have any type of pre payment penalty (which you most likely will).I would then do a side by side comparison chart with your expenses if you were to 1. refi out of the ARM and pay penalties+closing costs on new loan for a period of 5 years with your new interest rate VS. 2. keep loan as is and pay your current rate for the next 5 years and the refi at that point with that year's current penalty.Hope this helps and good luck!  

This analysis helps me with:- Which option has higher yield/return- Whether or not I’m going to be cash flow positive- Comparison to other sector investments (i.e. stock/bond portfolio, mutual funds, etc.)When it comes contrasting Cap Rate analysis vs.

Hi @Moshe FriedmanI think Schuylkill County can a good area for cash flow because rents are high in comparison to house prices and seem to be stable.

Median single-family rent in Austin, by comparison, increased 40% over that same period.