I went to my local realty shop and the kind woman in there showed me the values for houses in my town of Staten Island in NY.

If you wanna hop on a call, I'd be more than happy to talk shop about our market and get to know more about your investment goals.I have a couple Lender Contacts I can provide as well. 

If you bury the body deep enough, you probably won't get caught." hahaha. 

We self manage so that means our team “secret shopping” visiting properties in the same area to actually walk some units and see how they stack up to yours.

@Tabarus Barton I like asking people at the coffee shops, market, college kid clusters, 'Where do you go to find a new apartment?'

I don't know any Agents in your neck of the woods, but if you use a local Independent Agent they will be able to shop lots of companies for you, some of which will allow you insure for less than replacement cost.

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Gilmer.

Purchase price: $30,000

Cash invested: $10,000

Duplex

How did you find this deal and how did you negoti...

@Jennifer Marshall, There are large slabs of both natural and synthetic stone in high end tile shops.

What I have done is advised my relative to make copies of her financials and the note/property info and shop around for a (much) better deal. 

At the price range you are shopping, you are going to be getting a fixer upper type of starter property.