"Compared to what?"  

I work up a basic rehab and a nice rehab figure and compare those to my ranges.

As far as comparable rentals go, there is another slightly better property for sale for $225,000 with 3 units right across from the hospital (not far from the other duplex location). 2 legal suites and one illegal suite with potential to make another illegal suite.

I personally rent a place with Formica countertops and older carpet (needs to be stretched) because it saved us at least $400 a month on rent compared to the places that have been updated more recently. 

My big questions would be: Why are they selling (hoping for a motivated seller), and why is this property a fraction of the other properties in the area, and what are the comparable duplexes selling for?

hi all. I'm looking for a spreadsheet that would help me analyze several properties that I am interested in as an owner occupied situation. Some of them are single families with a potential for an airbnb or studio and...

I personally don't like to finance any houses but I'm in area where I can buy so low compared to many.

You could use paddmapper.com , apartments.com or HotPads.com to compare rents in the area

That's why i compared it to points that regular banks will charge in their loan process.

Many lenders will accept a retirement account for this.If you are looking to acquire more properties in the near future, I highly recommend you start talking to lenders immediately to compare products and guidelines.Good luck