So, based on these numbers, it's a good deal if rehab can be done below $40K.As far as financing, a conventional lender won't do it because of the general house condition and a hard money lender won't do it because of QCD that is not insurable.

It will give you a good base line of the property condition when you purchase.

Our home base and where we own is Atlanta. 

I would love your advice on the best meetups for a newbie like myself, who is looking to invest in a property to flip at first (to gain a cash base) to later be able to own multiple rental properties to accumulate passive income and grow equity.I appreciate the help in advance!

Now appraisal came in and this tri-plex has value of 275k based on her analysis.It so happen that I have contacted the seller with 240k revised offer and I do not know his response yet.

Looks like your SFH example is ARV is based simply on comps.  

Home is located in Frederick County VA and having a hell of a time finding any regulations on rentals in this county and wanted to see if anyone here knows if there will be a problem renting home based on low ceiling height. 

I wanted to introduce myself my name is Heather Boren and I am a commercial real estate broker based in Woodland Hills, CA (SoCal/Los Angeles) and instructor at UCLA Extension.

Here is who I've contacted based on the referral, they were very helpful.

We are based in Arizona, just outside of Phoenix and have been investing in the Midwest.