I dont even need to look at them to know they are not likely accurate.  2 identical houses from the outside right next to each other can have drastically different values based on whats inside those 4 walls.

Built out downstairs (as I have seen identical houses in this neighborhood do), this can be a 4 bed 2 bath house.   

I just got under contract for a four plex in mt vernon that includes a vacant identical lot next door zoned Multifamily 2-4.

That creates a conflict of interest and a possible identity of interest problem/situation.

I am working on verifying each home is identical; I don't think they are; but for simplicity's sake...Market value is closer to$600k for each townhome should it be sold separately on the open market.

I am breaking into a hot and competitive market, and may have the opportunity to purchase two identical four-plexes on one lot.

I get the feeling their lease is not identical to yours and may have provisions in it that aren't in yours.

I just wanted to ensure that the OP considered the differences; Mitch is correct that from a tax perspective, they can be identical, but from a management perspective, they are very different beasts...

For instance, if the subject property was 1300 square feet and a virtually identical house was 1400 square feet and sold for $5,000 more, this means the extra 100 square feet is only worth $5,000.

OK, maybe a couple veterans could help me out...im a first time investors and am wondering about where to go with my first investment..now im from the detroit area which was hit hard and doesnt have the greatest economy so my question would be,in a perfect world lets say that we have 2 identical homes one going for around 5-10k but needs 5 to 10k of work and one going for around 20 to 25 k but only needs a little bit of work...would it be worth it to save a few thousand dollars and but the fixer upper..now i do consider myself pretty handy and have tackled home improvement jobs before and have a pretty good network of experts in the home improvement field...i do plan on making a career out of this and figure we are gonna need the tools anyway as well as the experience....but i believe the first move is the most important which is why i leave it up too some seasoned veterans for help..thank you for your inputsincerely, ME