You look for comparable sales for other distressed properties that are similar and nearby and also counter that with finished version comps so you can see what your perceived spread could be.

DM if you want me send you pics of your properties I know how that feels .  

Two more properties 10 W.

The key is to identify personal property from real property.

Hi Tom,Those revenue numbers are wild... they're higher than I would have thought but those three properties are pretty sexy. 

@Andreas Mathews admirable, but make sure you do some research so you understand what a PM can make.Starting your own PMC business will require 75-150 doors to make a decent living, depending on gross rents and your fee structre.Working for a SFR PMC as a PM, will require a RE license and you usually get paid a percentage of the gross rents the portfolio of owners/properties you manage generates.

I walked to the house and met a man who says he was cleaning out due to the loss of their mother in some few weeks back.The guy told me she is  left with 12 years mortgage on the property to pay the bank.

What other methods should I use to acquire another property? 

My W2 income is very high (+$500k), excellent credit, but I hate my job and I want to leave within a year or two. 

The lower barrier to entry would be excellent for my personally smaller net worth.