It is a bit of a pain figuring out the comparables if you can not see what has sold.LoopNet is a solution in the commercial space.

In this e-book I will discuss a marketing method that will allow you to promote yourself with overwhelming results for just pennies on the dollar compared to other forms of advertising.

In other words, make sure there is plenty of profit in it compared to the amount they have to pay and the repairs required.

Before I really began investing I would 'sandbox' and go to the auctions every week to see what properties went for compared to what was owed, what they were assessed for and how many of them never went to the chopping block.I slowly realized that the good deals rarely went up for auction and when bids were placed they were usually at levels that even I knew was too high.

I will take a look to compare, thanks for the info and time.

Go have a look at the ones you found and see which really compare.

SFRs are priced based on comparable sales, and are strongly tied to demand and the ability of people to buy them.

If you compare the $2425/month income vs. the $425,000 you think its worth, then this is a terrible deal as a rental.

The HOA can making renting very difficult.But don't you think there can be advantageous such as low maintenance and possibly better quality tenants when comparing a house at similar value?

A long term rent to own term might look favorable to them if they are comparing that to continuing as a landlord, or losing the property to foreclosure if they are behind in payments.