If you want to live in these areas find a property that offers a little bit of ad value projects- like updating kitchens and bathrooms.

Harvey,There are a variety of factors at play, region will play a factor, age of property will play a factor, diminishing returns plays a factor (for instance going from 2nd to 3rd bedroom will be more valuable then 3rd going to 4th) To me the key to to a CMA is get as close of comp as you can when it comes to these factors (square footage, bedrooms, bathrooms, age, size of garage, size of yard) Once you start diverting too far it become a bit more of an art then a science. 

We built a true cabin (unconditioned space- no bathroom) this size and it feels tiny. 

In order to do that I would need to put mini-splits in each unit, currently have window ac,  get new windows, new roofs (already ordered) update kitchen, bathrooms, furnish the units, and will have to do 1 by 1 because I need to wait until the tenants move out, etc.  

Buying the second unit would make me a 100% owner of a duplex that has been converted into 2 condos, so I would essentially become the only member of the "HOA" for this small 2 unit condo "complex", which doesn't really regulate anything as it is.

About 5-7 block up from a pretty bad area.We've been in this house for 10 years and have re-done all wiring, plumbing, insulation, roof, siding, kitchen, bathroom, etc. 

That’s why the amount being taken out would be $35,000Interesting,  Thomas.So you will essentially subsidize your part time employment by withdrawing basically $3,000 per month?

I'm in a similar boat, but i have out of state properties that cash flow (less than 2 years) - my lender has told me the majority of the cash flow will essentially count as income for me. 

I could try lowering the price but I don't understand how my price is to high when apartments within four blocks are listed at 1800/1900 that haven't been renovated and the apartment I have listed has a new bathroom/kitchen and central ac/heat. 

Hi all, we just closed on a two bedroom, 1 bathroom small cottage near Yosemite national park.