An investor operator makes investing more of an identity than a passive investor.  

Let the house go back to the bank.  1and half later buys almost identical house for 350k as the market started leveling out. 

BUT WAIT, THERE'S MORE....House #2 (next door also owned by seller)Identical to house #1, 4 units however, are vacant. 2 are rent ready with one being temporarily occupied by his handyman. 

Assuming the 3 homes are not identical, are the two rentals the same? 

So, if two of the comps are identical say beds, baths, view, etc...and one has to be adjusted, you might give a 40% weight to the two that are most like the subject and only 20% to the one that has adjustments.

Let's say there was a rental building next door with identical comps: What would stop them from going there instead to avoid paying those fees?

As you can see we are clearly in a seller's market.Milwaukee 2017 YTD: 2.96 (Year To Date)Milwaukee 2018 YTD: 2.17Ozaukee 2017 YTD: 3.58Ozaukee 2018 YTD: 2.98Both markets have tightened up and accelerated, while the number of units sold remained almost identical.

If you are buying a SFR, you probably don't need this policy until you move and turn it into a rental.Another option I've heard of but not practiced is to acquire the property through a trust (as opposed to or in addition to a LLC) ... this if done carefully may protect your name/identity from being on public record as the owner and may provide some protection through anonymity.

While not identical, this is very close to what I'm suggesting.To be clear, I'm not looking for funding.

We are not on the yellow brick road and everyone does not think, act or perceive things Identically.