Bruh, if youre trying to compare multifamily homes in Chicago, which are 100-300 year old homes to new construction....then you really do have to re-adjust your expectations.

This is all market dependent obviously but in general I think this is just a correction not unlike corrections in any other market - people adjust and things move on, just not in the same way.

*I do not wish to trick my employer or any financial institution, I simply want to take advantage of the 5% multifamily down-payment and flexibility of my corporate job. you need to notify your employer where you are living and adjust your employer taxes as well as each state has different employee/employer laws and benefits.Regarding marking remote or wisconsin, not sure where that comes into play.

If your units are larger, the appraiser will make the necessary adjustments.  

Think about it... its unfair for them because 1) They don't know the deal risk profiles nor the operators, 2) They don't know your future deployment plans to account for your estimated Adjusted Gross Income (effective tax rate) for the next few years, and 3) they don't know how much depreciation is going from the plethora of investments you look to go into.

There will be opportunity in the next year or two as real estate prices adjust to meet economic reality.

In this case, your price per square foot would be $167, and you could estimate the value of each property using this formula.You can then make adjustments up and down, such as if you have a pool in the primary, or if one house has no garage, or sit on a relatively bigger lot . . . 

I just ran rent comps on our 2 rentals here to see what I should adjust those rents to and one comped at $15k/mo.

I'll make sure I make this adjustment.

But the State of AZ, overall, still has regulations against restricting STRs.....they just loosened them up in some areas...I agree with @AJ Wong that the bust and the boom are over and the STR market will adjust to 'normal'