ESPECIALLY not if you're using price per square foot relative to computer generated comps, which is literally the worst measure there is for valuing real estate.If you want to talk about the software innovation that COULD be helpful, and that we DO need, that's a different conversation.

I am on the other side of the country, but as an insurance agent I know every area and market has certain risks they need to measure to ensure you get the most accurate coverage and rates.

.- Having a measurable goal and a time in which to complete that goal- Finding what niche in real estate you'd like to get into.

If it seems to make sense, then I will visit the property take pics, measurements, etc.

Don't be discouraged and keep testing and measuring your responses.

The appraisal had 1531 sq ft listed (this included a detailed listing of how it was calculated with all the measurements).  

Modular, Manufactured- for comparable stick home, the quality for both is superior, as fewer/no  mistakes are going to be made in measurement, cutting, etc.

In particular, the cap rate should be considered as a measure of risk and NOT solely as a measure of return (when acquiring). 

It wouldn't make sense in a house like this unless you were gutting it imo though Not sure why this would have been directed to me - I suggested he submeter due to his earlier post stating that he could not do that until the lease was up; the lease probably says landlord pays water, but that does not limit the landlord from measuring consumption by submetering - it just means that he can't present a water bill to the tenant.

This way you'll be able to measure if your equity is work for you or not or if you'd be better off doing something else with it.