Therefore, I may pay less attention to the appraised value, but that's because my goal is cash-flow. 

Overall, for the amount of money you have, and your goal, I'd personally recommend looking into flipping, until you can save up more capital. 

I'm also learning to do bookkeeping for a friend's company.My broad goal for real estate investing is to earn enough money to be financially independent.

What are your goals?

The basements/garages are tiny (600 sq ft) and only a small car would fit.  

I gross around $110,000 per year in rent and pocket about $3,200 / month depending on how many expenses I have.My goal is to achieve financial freedom soon. 

It's wonderful to read other success stories and goals.

Advice: Act on bigger deals sooner and create more relationshipsDone differently: taken more action - bought more properties and held on to as many as possible (less flips), bought larger multi-familiesChoices that didn't produce desired outcomes: Side tracked on deals that didn't fit my modelHorror stories: I talked about this on my podcast interview with Joe Fairless, but not having written contracts/agreements.

I found a duplex on Zillow and the prior purchase price was 96k assuming they had a 80% mortgage they should owe about 71k on the property which is close to the asking price of 74k. The listing claims rental income of...

We agree on the goal, but how to get there?