The seller has provided me with a 2013 appraisal that is quite thorough and has many comps and valuation approaches, but obviously is 5 years old.He also told me that they have a recent appraisal that was done and when I asked to see it, all I received was a couple of sentences that used the income valuation approach to come to the same price he originally offered.My main question is what value does the income valuation approach have to a property that could potentially be vacant in 3 years?

Then all utilities and roads could cost 75k Then subdivided, a .3 acre lot will sell for 25-30Should I be evaluating this only by the income received, and not the cost of what it would take me to do it?

While I'm sure some people like explaining deals over the phone, personally I'd rather send/receive them in my email so I can look at the numbers on paper.

IRS rules are very clear: disqualified person is not allowed to receive any direct or indirect benefit from his IRA.

Any other PM services require a license (seasonal, annual, etc)

(Contract for Deed) The home closed in September of 2010 and the interpreter took over his property in December of 2010 and has had possession of his property ever since until a court recently awarded possession to his wife who received the property by way of a Quit Claim Deed. 

Do you mean that SFR have more of a chance to appreciate annually than MFR in general?

Guessing I need to make a phone call on Monday, but seems like this company sucks...which is a surprise considering they're a $23B company.I feel like I should have received something from this company, or if they don't know how to apply my check to reach out?

Annual Property Tax  Finally, the number you have been looking for... 

Peter would depend what your current liquidity and net worth is along with your annual income from your job/business/current investments etc.Different assets are cycling at different points in time in different states.2009 was mainly coming off the bottom for the lower priced SFR assets.