There is nothing the same about buying a home to live in, or an investment property...even if the two are identical...right down the the cost, mortgage, utility bills, all other bills, purchase price and sales price.  

I'm wondering what the value comparison is for this 3 unit multifamily is...Say we have 2 building for sale that are identical. both are 3 story (1 unit on each floor) buildingsBuilding A is just a multifamily building sold together as an apartment (for rentals)Building B is comprised of three separately taxed and parceled units.

I built two identical homes four miles apart within four months and got values $55K different and when I got the appraisal report I told the appraiser.

All of the units which I have provided as comparables are all in identical zoning, where they have legal tri-plexes in an R2 zoning.

Heuristics are great for quickly weeding out terrible investments, but they should only be the first step when considering the merits of any individual property.Imagine 2 identical homes built at the same time across town from each other.  

I'm looking at an almost identical deal... just double every number.. cost, rent, etc...  

Our two identical buildings and a third owned by Bob next door that is a fifth the size of the first two that produces $20,000 NOI at market.

Generally, it is better to try to come to an accommodation with the senior lien holder before purchasing at auction, but that can sometimes be a challenge depending on the nature of the loan and the identity of the lien holder.

An identical house can sell for $25,000 in one park but $75,000 in another park 30 miles up the road.

Some points about me and this property:- it consists of four 1-bedroom apartments - rented to young professionals- this is B property in a B neighborhood - current rents are $2300 ($550x3 and one $650 - the $650 is the newest tenant and the apartments are identical - so it sounds like the rents can be increased in the other 3 upon lease expiration)- it's listed at $139,900 and has been on the market for about 3 months- my calculation on this property is based on full asking price and current rents- The COC ROI is misleading based on the way I did the inputs -- the only cash out of pocket will be closing costs which I've been quoted to be about $7000  out of pocket.