The house is on a quiet side street with no comparable sales over the last 5 years.

For example, assume rents for each unit are $500/month – then:$1000 month rents x 50% rule = $500 – $500 owner occupied unit = 0The upside is on a $65K FHA financed property with the typical 3.5% down with today’s interest rates, your mortgage payment will be far less than you probably would pay to “rent” a comparable place.

You can always ask a separate property manager their take on what a property would rent for and compare that to what is being charged.Then lastly, the property managers work for you, not the other way around.

You need an appraisal more than comparables - unless the comparables are in the same condition in the neighborhood.I would imagine if either party to the divorce are using an attorney, the attorney will order an appraisal.

And you can't compare the Wilshire 5000 to quality handpicked stocks either.

However houses in my neighborhood (comparable to mine) are selling upwards of $300,000. 

- I checked the surrounding area, which consists mostly of duplex or SFRs, and found almost no rentals to compare the 2/1 to at this moment.

It might be hard to compare because I was getting a lot done.

The big difference is that I'm going to be renting out the house that my family currently lives in when we move into our new house this fall so I have lots of time to research prices.To get a handle on the rental prices in my area, I've worked with RE agent to set up some automated searches on MRIS and ListingBook to return comparable rentals (on the market and recently rented).

The question is really what you would do with the proceeds and how does that compare to the current situation.