I don't think buying bonds is good practice for buying stocks and i think it's a similar comparison.

I wrote this comparison for a California investor who wanted to see the numbers.

@Patrick Philip Well, the other three being in a historic district does make a difference...the People who like historic district properties generally pay more than for a comparable house not in a historic district, and historic property renovations generally cost more due the restrictions.This is a case where 1/2 mile away are Not comps...many times just a block or two across a major road/subdivision boundary are not comparable.Also, the more sf you have in comparison to comps, the lower the $/sf value you have.....a 1900sf 3/2 in the same neighborhood won’t have the same $/sf. as a 1500 sf 3/2.

This is pretty mild by comparison. 

Also, when approaching the kickoff of aProject, what is your sequence of getting folks in to work?

There seems to be opportunities in the low to mid price range, Not sure what your reference to Seattle is, do you plan to invest there or are you using it as a comparison to the Stockton. 

Remember all aspects of a fair comparison. 

@Lee Ripma this is a super helpful comparison, thank you!

You're trying to use the stock market, and other outside comparisons to REI. 

This was a piece of cake in comparison to the single family.Purchase Price: $242500Rehab Costs: $6075Estimated ARV: $290000-$295000I plan to refinance, pay off a good chunk of the HELOC, and repeat in a few months.COC: 12%Cashflow (after all expenses, including HELOC payment):  $492I still have a lot of work to do, in terms of running a successful rental.