Anything not actually apart of your main house (or a basement that is below grade) is considered Additional Square Footage and will have a fraction of the value per sqft as compared to GLA. 

Having a hard time to find anything remotely comparable to this home in CAHowever being a remote landlord feels like a tough pill to swallow hence the confusion. 

Instead, the Bargain is the discount on the Future Value of the Investment as compared to what you purchased it!

I’d love to see their REIT financials to compare against the other public REITs that have a 721 program.

What are the significant advantages and disadvantages if you would compare buying from an owner (if you can find one or one finds you) and buying at an auction?

Given that the deal is off-market and there might be limited information on pricing, you should compare the property to recent comparable sales in the area (comps) to confirm that the price is fair.

Wait. let me try to paint a picture for you.If you were blindfolded in the middle of a city and randomly picked people BLINDLY, you would have FAR MORE chance of getting a motivated seller compared to targeted lists.WHY?!

A few good deals are often all it takes for them to see you as a reliable source.When you’re consistently getting solid deals, you won’t even need to search for cash buyers—they’ll come looking for you!

Specifically, we'd like to understand:Liability Protection: How does each state's legal framework and case law compare in protecting our personal assets from liabilities related to the property?

Basically put together a list of comparable apartments that are currently available for rent.