Yes, in my experience appraisers have to pull COMPS that are in the same city as the subject property.

Just take action each and every day, and fail forward.

This land is CBD and my neighbour has a approx 5000 sqft building on the same size parcel. 

It feels as if the shift to more of an apartment home is what helps with tenant retention.Having amenities on property, such as dog parks and fitness centers, help with retention, and being close to amenities also helps.I think the same can be said for most smaller multifamily, with having washer dryer hook ups, 2 to 3 beds, at east 1 1/2 baths, if you have some privacy for a yard would be a huge bonus.I really would stay away from pools for small multi families.

Following you on this as I’m dealing with the same in Miami.

I'm in the same predicament right now. 

That guy came the next day (all the other 3 came weeks after I called) and guess what? 

We are in the same mls market area, I recognized a couple of the houses in his webinar.

And it has to be something you can afford.If I had $100k - $200k to invest, that's Detroit for me all day long.

We just ran into a bad 'spat' of having to replace 7 ACs and a septic field in the course of the past 60 days (on our portfolio of 37 units).