No honor among thieves!

, and June came in $7k lower than the identical house across the street that had just sold.

The purchase price is $176,000 and the ARV is $250,000 with several recent identical comps in the same complex.

However, a unit on the second floor overlooking the parking lot is not worth the same price as an identical unit on the 12th floor with a view of downtown Phoenix and the mountains.

The home at question is very similar if not identical to the following FSBO that was recently sold.

Cash>Check>ACH>Credit card.Credit card: Disputable up to 90 days by the click of a button with minimal verification relative to the other methodsACH: Disputable up to 60 days by informing the bank in writing (and with a higher level of verification by the bank)Check: Disputable up to 30 days after the customer’s bank statement is issued and requires the customer to prove fraud or identity theftCash: is king - however the chances of getting your tenants to send you cash every month is nil The goal of any investment is to reduce risk (or be duly compensated for accepting additional risk).

It's not unreasonable to ask you to verify your identity.

I was so curious and I ended up buying one for $250 and its actually great, its quick and the handwriting is identical to someones hand writing and it uses a regular ball point pen which is great because it smudges and creates perfect imperfections.  

I dont believe that is how it works. take 2 identical houses in a neighborhood. #1 is used as a long term rental, #2 is a short term rental. now, the money they generate is different, the STR will generate more money (while also having more costs), but their value would both be the same. in fact, a case could be made that house #1 is more valuable, as it has less wear and tear than house #2. 

Fair to take the large appreciation; however, the identical unit next door brought in ~40% more annual revenue and could have an exponential return over the long-term.