The thing is let's say a couple was married and one of them dies.

So insurance wouldn't be valid if you can pay for your policy upfront for say a year and can bring them proof of this.

I would say a 3-5% management fee would be a good estimate for a multi-tenant retail property.

We can look at Fannie Mae, or say a $10,000,000 as the pool is statistically valid, you or most small investors won't have the population, term or WAM, WAC or WAR to compare.

This must be something that's taught at appraiser school, because you're the third appraiser who I've heard make this exact statement...and I laugh every time I hear it.If you really believe that, then answer the question below for me:Let's say a seller publicly lists a property for sale and gets a ready, willing and able buyer at a certain price (let's say that price is $X).

Our moderators are the only ones who have a say as to who should or should not post here.

What makes you say "a computer" doesn't know the comps?

@Assaf Furman That is tough to say as each investor is different.

Let's say a seller has a house that needs a ton of work and will not qualify for any conventional financing so it is going to a cash buyer, most likely an investor.  

Getting OT here, but would they have allowed you to build, say, a 15 acre ranch?