Off market and the new the owner used an agent so I reached out to the agent and made an offer How did you finance this deal?

Be sure to check out the free tools BP provides to help analyze deals you may have and also market insights.

You can also start by being a "bird dog" and finding off market deals.

I like the idea of a newer 4plex but they just don’t exist in my market.

My easiest, no hassle, lowest expense rentals are the ones where the tenants stay 5 + years, do minor maintenance themselves, call me immediately with any issues so I can fix them before they become much more costly, and agree to annual market adjusted rent rate increases.  

Is Phoenix a good market?

However, there is a specific deal Which I find hard to understand the ARV for.It is a Single Family Home, 2 Bedroom 1 Bathroom, 850 SQFT.These two comps have a price gap I find hard to understand, even when considering the difference in renovation level.If anyone knows this market well enough to understand the cause of this difference, and if it might be due to an issue with the location, or if there is anything I am missing.Comp 1 - 1011 Elm Street, Burlington, NC, 27217 (120K)Comp 2 - 1109 Walnut Street, Burlington, NC, 27217 (120K)Comp 3 - 1505 N Park Ave, Burlington, NC, 27217 (180K)Thank you!

Perform due diligence by reviewing the financials, market trends, and property condition.

@Virginia Frost What market/city are you targeting?

He was a realtor based in the Midwest (I think the greater Chicago area) and was talking about off vs. on market deals and the importance of choosing equity over cash flow.