Closeness to a heavily used highway will or should help you.

IN my mind these days any rental property under 100k is worth what someone will pay for it.. since literally NONE of them get sold to homeowners only investors.. so the valuations are backed into by rental income more like Cap rate for MF.. its what ever an investor is willing to pay for a given cash flow.Hi Jay,All of my areas in Toledo are heavily owner occupied.They are also all under $100,000.It's great to be here and we have had quite the monopoly for many years now.Hedge funds don't like us because we aren't a sexy city and everyone else followed LeBron to Cleveland heheWe put our head down and just hammered out deals.As inventory tightens nationwide (I don't remember having a conversation with other players where someone didn't cry to me about how they can't find product) we still feel like kids in a candy store.I'm buying the same stuff I was 5 years.Please don't tell anyone that deals at 30 cents on the dollar and 15% net cap rates are falling of trees here.You just have to do the work and deal with shady contractors lolThanks mate

Both of which heavily tend to recruit out of top MBA schools. 

Where I am, in MA, they are heavily favored towards the tenant. 

He's very motivated and will be heavily invested himself on this entire process.It's looking like he'll need at least 900k to get the property, and will potentially take 12 months but projected ARV is looking towards 1.6m.He's very cautious with using private money so would probably need to meet face to face.

Our approach is to heavily invest the first year after purchase, then enjoy the tax benefits and years of trouble-free income.  

Multi-family only outperforms in B areas or better, unless you are local or heavily involved thus finding ways to control more factors.SFRs average out to have longer tenancies, which decrease your largest expense - vacancy (and turnover repairs).

While I agree with Luke, get your systems in place and you can lean heavily on technology, you will still want someone nearby to check-in on your place, make sure it didn't get trashed between guests, replace inventory (dishes, glassware, tp, etc), make sure there are no leaks, running toilets, broken down AC...

-Value or Appraisal ProcessAny building 4 units and less will be heavily appraised based on comps. 5+ structures weigh more heavily on the income approach (Value=NOI/Cap Rate) but also incorporate comps in the areaThe beautiful thing about all the questions you posed is that there are professionals in each one of those areas that can assist you further without having to expend all your time and energy trying to figure it all out on your own.

You will need to wait and bide your time and in the end, you will almost never get any satisfaction out of this bitter pill.Again, this whole bit was pretty much hidden away from you or at least heavily minimized if you went the traditional path of learning about real estate investing.