Being that an FHA  loan is a government guaranteed loan, only available to Investors who are househacking, it offers a lower down payment and an optional seller assistance. 

If you know a commercial agent that can find sales comps in your area at a lower cap rate you should be able to show appraiser the value.

Pros to this approach would be lower starting cost (I am still saving up money for a down payment) and not having to deal with tenants.

You can borrow 50% or 50k, whichever is lower, from your 401k with no tax implications.

Dallas County and Collin County, but our basis is considerably lower than prices now.

Now tenanted and has some operating history to show.Basically there should be a 'story' behind why there is limited info being provided and you need to find out what it is.Regardless, limited information means more guess work on your part which means more risk and so a lower price to mitigate and leave a bigger buffer.

She's wanting to do a pre-sale listing to see if we get an interested buyer and they have their own appraisal done so then we'll know for sure.I am fine with this but my question is, why is she still focusing on the homes with the lower values with lower grade rehabs when there are enough homes with similar comps and similar rehabs to mine that we can stay focused on instead?

Granted, this data is skewed towards the high-end A-class properties but even on the lower end of things at least for now rents seem to be pretty stagnant.

Other items to consider:- Income or loss from operations in an OZ is taxed normally- An OZ is a lower income census tract designated by each states Governor.

$500 on SFH and $1000 on MFH from what I can tell in Toledo, some offers are definitely lower on both.