So you'd be the buyer? 

Zillow's recommendations, just like the Zestimate, aren't perfect, but they can be a good starting point for consumers, particularly in markets like ours where buyers are typically not local or otherwise are relocating to the area.

I am a first time home buyer looking to purchase a home/multi-family property.

Some townhomes are like $250,000 and rent is still $2000+.Where I’m from, a $400,000 house would probably rent for about $2000 so I was pleasantly surprised to see how much more rent you can get per dollar, is this pretty standard or am I missing something about Freeport?

I’ve had 2-3 buyers interested in Lakewood and Edgewater areas continuously over the last 1 1/2 yrs so have spent a lot of time looking at properties in these areas- here are a few additional observations:The numbers on renovated full size Lakewood two family don’t match most investors criteria (greater than 7% ROI).  

It's the best buyers market I've seen here in a long time right now so I'd jump on it!

It would be more ideal if you had or can find an investor friendly agent there to rep you as the buyer to ask all the questions or know what questions to ask for you to figure out more about all four units. 

I have done quite a bit of studying and research over the past year and a half, and I've recently started reaching out to potential cash buyers in the area.

A lot of lenders here that can help you more than I however I broker a lot in FL and most of my buyers use (in order)1.

If you haven’t done so, join AZREIA or smaller local meetups, where you may meet investors (who ought to be repeat buyers).