(comparing same size of property)

Could i get a new appraisal and then refinance to a traditional?

Also through syndication your getting tremendous economies of scale and protections compared to a SFH or duplex.

For example, here in Bakersfield we can find you property that will appreciate at an average, almost double inflation, which isn't great compared to LA but it is stable.  

@Matt GilroyI haven't been in the service in a long time, but traditionally, members who have dependents (spouses or children) usually have the option of living on-base in the military family housing for free, or off-base and receive a monthly housing allowance.So, it's not a bad gig.

"We are seeing significantly more multifamily construction: 2,700 units permitted this year (2017), compared to 1,700 to 1,800 last year (2016)."

When you examine all the sold comps and compare each of them you will likely see some commonalities within the individual price ranges. 

240 sq ft is a small studio, so you need to compare your all in cost to it’s potential value...I’d look at 15x GRM as a rental unit value, and possibly what it would sell for as a tic unit to an owner occupant.

You are looking for an ideal answer along the lines of, "I turned off the water and reported it to the landlord right away." as compared to "It didn't bother me much and I let it go."

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.