For example, if you sell a rental property for $250,000 and then want to acquire a duplex so that you can rent one side and live in the other, the duplex would have to be valued at $500,000 so that half of the value - or $250,000 - is at least equal to the value of the rental property that you sold. 

Hopefully you will already have realized that now, especially now you know that the comps are HALF his asking price!

Sure, $800 rents might not look like much compared to markets where you're getting $1200 but you're paying half the price for the home in many cases.

I am about an hour and a half west of you in Dubuque, IA .

I was surprised to find a home only 3 miles from me in a nice neighborhood that appeared vacant. 

Let alone a property 3,000 miles away in a city you know nothing about.I'm not against CF and it may work out great.  

To have half your mortgage with an adjustable interest rate can significantly affect your payment when rates go up.....

@Miles Stanley, the reason they're gonna sell to you is because you are going to help take care of their issue.  

Of course more that half of these online companies are on ripoff.com or have negative ratings.

Hi Everyone, We have half a dozen units we have gradually converted to short term vacation rentals.