This is true for MF with up to 4 units.The perception that it is tough to find MF deals in a sellers' market when looking at MF with 2 to 4 units is precisely because they are valued using sales comps, so they compete with single family homes.The "true" MF (i.e. 5 and more units) are always valued by the numbers (cap rates comps) whether in hot or cold market.Cheers...

I came into Wholesaling trying to do it as ethically, and precisely as I possibly could.

@Marlon PettisAgree with Ryan Dossey but if you want to be even more precise (until you gain MLS access), a more accurate but more time consuming approach would be to look up the property in Trulia, look at Recently Sold (under Buy) and look at the properties with same rooms/bathrooms sold within the last couple of months within a 0.5mile radius and then do the adjustment from there.

Ahhh @Josh Mitchell, that's precisely the problem I'm trying to overcome.  

The whole of the paperwork has to be done very precisely and if you say the wrong things, it kills the deal, when a borrower is in default and especially if Ocwen is involved, but it can be done successfully.

Your attorney should be able to give you a more precise course of action re: this specific tenant.

Seems like getting the feel for the first and most important step of the process is so important (and doesn't involve any risk because im just sniffing things out).Ive listened to so much on bigger pockets and learned so much in my classes that i hope im close to being able to "calculate" deals with precision.

What precisely defines those criteria is based on individual facts and circumstances, as indicated by the courts and IRS.  

This is like asking someone if they liked a movie, unfortunately, two people can walk away with a totally different outcome and view point.. the info at Dave's bootcamp is enough to get someone going and to make offers on up to 200 units and understand what they are doing the whole time, which is really all you need, there are many places, like bigger pockets to get all the information needed to accomplish this same goal, but like following a recipe in a cook book, what is better, the cook book with all the info you need to follow, or the chef standing there next to you making sure you use the exact precise ingredients? 

This is precisely the type of thing that gets overlooked when investors only look at cash flow and ignore equity from forced appreciation.