One meter is indicative to me its likely only a legal 1 unit.

GRM may be valuable to indicate value based on an Income Approach, but my understanding is that a Comparison Approach (comps) is typically used for 2-4 unit multi-family. 

I then should be able to get a better picture.The average rent for the similar type of house from the Section 8 property listing is indicating $150 higher than my asking , and I’m aware of my asking is lower than the comparable non-Section 8 property by about that much as well.

If past experience on other forums/boards is any indication of future actions, I'm probably going to be lurking, asking a few questions here and there, and generally gaining lots of information about the subject before I put it into action.That said, my biggest "fear" right now is analysis paralysis.

I've read here that appraisals are simply a tax number that are not always indicative of true value.

It's been as high as 200, and there was no indication why it couldn't get close to that value again.

Josh,I too am submitting my indication of interest for this call.I look forward to seeing you all there.Scott Cook

Originally posted by "jolllyroger":If you make a deposit why would you need a contingency.So you can get your deposit back if due diligence indicates it's not as good a deal as was presented by the seller or the initial inspection...If something turns up that was not disclosed recover your deposit.You can't necessarily do this if the thing that was not disclosed was not disclosed because the seller didn't know about it.For example, a contingency on inspection would allow you to check for termites.

Never much paid any attention to these guru threads until this one, today.Going to see a SS later this afternoon, so I'm doing a little internet DD.With the address, got the sellers name from the assessor.Ran an online court check on the sellers, found the foreclosure and who the bank is, along with other cases indicating serious financial duress.Ran another search for properties owned by the sellers and found they owned a commercial property under a dba.Found their company website.

Current listings are also a factor, though more as a view of your competition rather than a reliable indicator of what you'll get.