Seller already knows the rents and based the list price off of a combination of comps and to a lesser extent rents.The appraised value of 1-4 units is very independent of income.

@Josh Justiniano ...I believe a combination of both needed, but experience is my best teacher...I'm hopeful my SFR experience prepares me for multi investing...

I was first introduced to Leigh High in 1982  I was on a CA select committee that was studying large subdivisions that were developed prior to modern zoning laws. 

The combined maximum is $57,000 for 2014.Let me know if you have any additional questions.

I think comps support a fair market value of around 100K-105K and I'd like to get around 75K out of it to combine with my other HELOC so I can start going after larger properties than the first few I've purchased.

I did a lot of research before I got married to ensure the house does not become marital property under community property laws.Now my next rental property...he and I will be buying together and hopefully be our first step in our combined financial future.

The homes are custom built, so there is a combination of vacant lots and custom built homes.

We thought it made sense, if we were going to upgrade to 100 Amp, to have it connect to more modern wiring, and we thought it would help when it came time for inspections and a buyer qualifying for a mortgage, which will most likely be FHA.

I would use 10% of monthly rent for all 3 of those (combine maintenance and repairs) 75*3=225+366= 591.

We received a CH7 BK a little over two years ago due to a combination of unemployment (first my wife, then me) for about two years, and caring for a child with a serious birth complication.