You'll want to find out how appraisers in the area value real estate in your area.In my area, the value is highly affected by location, views, and finish level.In other areas, it's almost purely dollar per square foot since many of the other factors tend to be equal.In my area, you'll see a house sell for $200/ft right next door to one that goes for $438/ft.

When I was a kid my father had a large piece of gold ore with pure veins in it.

A mobile home park is much more of a pure real estate play whereas an RV park is a highly managed business more like a hotel.

It's my 3rd (kind of my 1st in the sense that it's where I started landlording and lived in it with my tenants, but it's now my 3rd pure investment property.

It’s purely anecdotal evidence.

After further checking, we found that some of his details on the application were pure fiction and his 'boss' that verified employment wasn't employed by the company when we checked with Human Resources.

You can refinance and do the same thing.Then there is the business side of rental properties, which lets you deduct many business related expenses (home office, supplies, mileage, etc.) and Section 179 vehicle purchase expenses (and other equipment, for that matter) that are not deductible for purely passive investments.If you hold title in an LLC you can distribute out some income as self employment income, on which you will owe self employment taxes.

The 20 years from that moment will be pure profit compared when selling now.

Real Estate discussions such as these are purely local

Agreed, Zillow is irrelevant.But a couple of clarifications:Your house is 3 years old, it is not New co steuction.Whether it is a rental or owner occupied makes no difference in the value...value is based purely off comps.I never understand why sellers who are debating value won’t spend $500-$600 on an appraisal...this is the Only value opinion that matters when the buyer is getting their loan.On the flip side, I has a buyer get an appraisal on a cash purchase ($600) when they were perfectly happy with the contracted price...after the appraisal, I got an additional $20k off the price.