I am sure the electrical needs upgrading and I will need to add a bathroom to make it comparable (3bd/1ba).

ContactNotesHere is an example of compare between 2 lenders: Lender 1 Lender 2 What % of the ARV is leant out The lesser of Up to 70% of ARV OR 90% of Cost (purchase price + renovation budget) Up to 75% of ARV for rentals, 70% for flips What is the interest rate?

I agree with the other Matt - for investor purposes, Redfin isn't bad. 

Compared to a hotel, all of them are a steal.

I got my license purely for the buy/list purpose of my investment properties.

Any of the comparable properties I found were sold at $30,000, This one is in auction for approximately $41,000 right now (minimum not yet met). 

Also my main purpose for this list is really to be used a cross reference list between a few other lists im using. 

When I visited the City and asked the many brokers I met with about rent control, it seemed like a cakewalk compared to the rules that we have here in Los Angeles. 

Would we get a comparable valuation with a portfolio loan rather than a commercial loan which uses CAP rates?

I guess what I am trying to ask is:1) Would you go for 5 houses or 2 duplexes  or whatever that bring you 1.5K cashflow in the middle of nowhere  (key word middle of nowhere)2) would you buy one fourplex 1 hour away from a big city that cash flows 1kI guess what I was trying to compare is would smart people go for:  1) close (1 hr away) to  big city property  (cashflows 1K)or 2) a little bit more cashflow from middle of nowhere?