I've been looking at similar for multifamily properties.

Hey @Jonathan Sanchez, a lot will depend on your area.If you are buying in a saturated area with lots of competition, then using an aggregator like Pricelabs to help make your pricing accurate is handy.If you are in an area that has less, then simply looking at nearby properties that are similar to yours on VRBO and AirBNB.

Additionally small tenant improvements could have similar benefits with bonus depreciation and new assets.

A friend of mine had a similar journey - they turned their old home into a rental property and soon realized they loved managing tenants and exploring ways to add value.

Leave the owners alone, when and if they are ready to sell, they will, and there will be plenty of lots to choose from on the MLS.I have no statistics to back this up, but in my casual observation after our fire is about 1/3 of the owners rebuilt their homes (some built similar, some duplicated exactly--big mistake, and some built better/nicer/larger homes). 

@Charlie Green Sounds like you have a knack for finding the diamonds in the rough (I have a similar client in KC).

Similarly, if you put all Class D tenants in a Class A 4-plex, what do you think will happen?

This is a common theme across the country with many municipalities enacting similar restrictions including where I am located in Philadelphia. 

We sign a contract between me and Don where he promises to make monthly payments to Chase, instead of me making these payments, The idea is similar to assumption, except that the bank does not know, and if Don does not make his payments as promised, I'm in trouble with Chase.

Now focus on what you, not what the real estate investment community, want to do after you educate yourself on both sides.If you are interested in selling, I know plenty of individuals looking for a similar home in the Scottsdale area as an investment property and I think you could get a great return right now.