I believe the price fluctuation over the last decade has been 10% +/-.  

Prices drive rents.

I use Proper Insurance, which is generally regarded as having the most comprehensive coverage, but is also higher priced than some.

You should located a Commercial Broker in your area to pull Comps for you to determine your offer price. 

Happy to go over all the Pro's and Con's of the home and the current leases that are living within the house.You are probably going to have to list it to get that price.

They don't need to know the details regarding mortgage price or other financial details but they will be seeing you around the property.

The seller's asking price is actually in the neighborhood of the sales/asking price of the other comps which is good.

Or, buying a Duplex and renting one side out then renting the other rooms out in the side I would live in.I have spoken with two lenders and both have given me pre-approval letters for up to 270k purchase price, with 15k down payment, conventional fixed rate loan, 30 year term.

Mind you, the median price of a home sold in Los Angeles lately is about $950k.

If you have completed rehab to support using the appraised value vs. purchase price to determing LTV, yes.