If you're fresh out of school making $30k a year and have nothing saved up and trying to buy properties with no money down and seller financing, your numbers are going to be way off from someone coming in with a $1 million in capital.

I do SFR only, as my rents are about 70-80% of a worn out duplex at the same price, tenant feel more at home, stay longer, and take better care of the places in general, I know thats not always the case, but by and large, thats been my experience, Rehb then with the least CapEx going forward, make them warm welcoming and reduce the stuff that is likely to break, for example, I pull any fans and put in new light fixtures, with LED Bulbs, I use Luxury Vinyl flooring throughout (no carpet) I replace faucets, and mixer valves(at least cartridges) and replace toilets, or at minimum fill valves and flappers, we also put in new switches and receptacles, we never do fridges with water and Ice, my tenants love their homes, they are clean fresh and comfortable. 

I'm a newbie with a fresh real estate license.

@Matthew Olszak  when I used to work retail real estate IE sell others properties... my SOP was the day I got the listing I opened escrow with buyer to follow.. then title company did a prelim on the property for me... so within 2 to 3 days I had a fresh prelim on my listing.as you state nothing worse then something coming up after all the work you put in to close a deal.. seems to be bassakwards the way most people go about it..

Hey all,

First, just wanted to say I've been a lurker on this site for quite a while and have been very impressed by both the knowledge and willingness to help others that this site's memberbase has demonstrated.

No...

Also ask if there is any schedule of fines/sanctions so you know what they  enforce on and how much.

The property is an old farmhouse the seller has completely rehabbed it himself (gutted & added new spray insulation, new electric, all new plumbing, fresh sheet rock & paint, all new windows (cheaper Andersons double pane), brand new fiber-cement siding, 13 yr old shingles, appliances approx 5 yrs old (beautiful stainless in lower unit).

Say good bye to your freshly painted walls and nice drywall.

. - have you read this fresh article - 8 Ways to Identify the Best Places to Buy Rental Property ?

It just happens that Zillow's is less representative of current market value because their data is from public record, and thus neither fresh, nor complete.