I guess I will play the role of devil's advocate here, not to beat you up but to give you an alternate viewpoint to consider. x32 $50k properties does not sound like passive cash flow or freedom to me, it sounds like a job, and a darn tough one at that.

It's also pragmatic from the viewpoint of you may not want renters installing appliances on their own. 

@Alpesh Parmar I understand your viewpoint, I am looking to sell out of state and buy here so that I am not over leveraged. 

Reality doesn’t care about our myopic viewpoints and the stories we tell ourselves.

opens your mind to other viewpoints of deals  and different ways to approach them.  

I would be looking for street value on flip deals and street value/rental assessments on hold deals.Also I didn't mean to start a big debate but the different view points are very interesting.

I'm sure I've said it before and the next person readin this will see it...but, I really appreciate your input and even view point.

The value from my viewpoint is being in the deal with no money down.

Thanks all for the posts and differing viewpoints.

Ultimately there are many paths to success, so let this discussion just educate on different view points and let the reader decide.