@Chris Perez In my experience, the appraiser will most likely will value this on comps as a primary source of valuation for the 1-4 unit and use the income approach as a back up to substantiate value. 

There should not be substantial changes to the property during tenancy.

Turnover is a substantial cost, so if they can reduce turnover by giving what amounts to a small refund on rent, then in theory it should work out for the property owner and primary sponsor. 

@Kevin Zolea We were attempting to go FHA, but due to it being a duplex they would have needed a substantially larger downpayment so we had to switch over to a conventional loan.

The labor force (people working or looking for work) increased by 1.7 million in June after a similar gain in May, although it's still down substantially from earlier this year.

How to Win Friends and Influence People is one of the best mindset-shifting books I read early on

But you are correct that 90% of the deals on-line are overpriced and the only way you'd buy one of those is if you could convince the seller to drop the price substantially (which does happen once it's been on the market awhile.The top places to find a park today are:#1 BROKERS.

I decided to invest my retirement money into real estate for a few recognizable benefits:- I needed to get started somehow- compounding effects of cash flows-leveraged returns (cash on cash)-opportunities for appreciation (value add/forced equity)-tax benefits-better control/influence of the asset value/performanceKeeping it simple, this was enough to convince me.

An appraiser will see the property just sold for X dollars and it could influence them to look for lower valuation.

Unless you’re putting down a substantial down payment, it would be difficult to cash flow a town house or SFR in Gardena as a traditional rental.