Your expense ratio remains flat, and therefore doesn't really create much value in the deal.Compare your 2% rent and expense assumption to what most syndicators underwrite: 5% rent growth after an initial renovation bump; and 2-3% expense growth; and you get vastly different outcomes.As to whose assumptions more closely tie to reality is to be determined, but if you used assumptions more in line with what syndicators are using, I think you will find the return projections narrow dramatically, if not flip to SFRs.  

if there aren't any identical comps, or if they're 120, 140, 162, then you need professional assistance on determining it.you also have to factor in ALL your costs. 

Lastly, when they did your appraisals, I assume they determined the market rent via a 1007?

This scarcity will drive both property prices and rents upward.Housing supply and demand dynamics are more determined by interest rates and state/local economics than by the president and Congress.SummaryWaiting for the election outcome won't give you an advantage.

Irs determination “You're considered to use a dwelling unit as a residence if you use it for personal purposes during the tax year for a number of days that's more than the greater of: 14 days, or. 10% of the total days you rent it to others at a fair rental price.”

This is similar to other DST that work with CRE assets.Meanwhile, your equity appreciation (or losing) is entirely determined by each house valuation using software --which is objective -- minus 1% "annual management fee".

State/local are determined by your state of residence, not the state the property securing a loan you hold, or property you own is located in.  

I am the member of a single member LLC, where the LLC is on the title of a rental property, and trying to determine if it is exempt from AB1482, since the LLC does not have a corporation as a member, or if the LLC is binded by AB1482 just in virtue of being an LLC.Any help appreciated :)https://caanet.org/kb/exemption-from-ab-1482-addendum/

It's used to determine the cost of producing a product or service, and is a key tool for businesses to remain competitive and profitable.

Just as with LTRs, management is a huge determinant of profitability.