They are of all different sizes, conditions, number of bedrooms, some are in foreclosure, some are on auction, some for sale -- and all of these different qualities make it hard for me to compare.

Similar you say Oz and NZ are over-priced but compared to what - the US?

There are way too many things that are different from a condo than a traditional MF.

Does anyone have any insight to how insurance premiums compare between a 25 yr FP and a 100 yr FP? 

The numbers:Purchase Price: $28,500Equity: $49,000 (No Appaisal) Comparables are 45k and 53kFinanced: $0Improvement Costs: Projected $2,500 on tenant turnoverProperty Taxes: $700Insurance: $900 yrProperty Management: $58.33 monthlyVacancy Rate (7%): $42 monthlyRepairs: $360 yrHOA: $420 yrCAPEX: $144 yrMisc/Legal: $349 yrCash Flow:  $204 monthly Rent: $600Cash-On-Cash ROI: 9%Shoot me a pm or leave a comment if you have any questions or remarks!

All the county has to do is compare the current photograph from a previous one to see the illegal structure.

You wont make as much but you'll each make 10k-15k off it, with no money needed up front, and then you can put that 10-15k towards another property and use more traditional financing with a downpayment on ur own.

A few people will get lucky, time the market perfectly and make huge returns compared to the other 90% that get into it that will do worse than the S&P 500.In other ways Real Estate is different though - first "Everyone will always need housing" unlike Bitcoin or Pork Belly Futures. 

You'll have more options if you a trying to BRRRR since that will allow you to create equity and refinance out a private lender quickly.Small multi family: This would open up the doors to house hacking and allow you to get owner occupied financing which will require much less down when compared to a non-owner occupied.

Let's say the repairs + other costs amounts to roughly $10,000, I can sell the property for $40,000 - $45,000 at least, and it's still cheap compared to the others.Of course, I need to do further inspection of the property and properly crunch the numbers.