Have you compared?

If he is comparing funds to single-asset syndications, yes there are differences.

Until then, the combination of Listsource and RealQuest (both from Corelogic) would be our recommendation, and the closest thing comparably.

I've been running the numbers on properties that fit my criteria and the cash flow definitely isn't there compared to some other markets.

BRRRR with multifamily in at least 3 out of four of those markets may be tough if you are comparing them to the juicy returns you see on BP. 

The reason is you want to know the value of the business you are buying, so that you can compare to other investment opportunities. 

Interesting but I don't have a lot of money that is why I'm willing to sacrifice time/sweat in rehab for a low budget property that after its done is like 40% cap rate compared to 12-15% on a single family normal rehab property.

If I compare the Schiller SFBayArea median home price vs S&P500/NASDAQ, the percentage increase since 2000 seems to be about the same.

They also use my brokers' license allowing us access to the MLS for retail selling of property and comparable information.

Also consider @Amanda Han, she is nationally known CPA, author and speaker, her articles here on BiggerPockets are valuable resources for thousands of investors.