July 2018 - Vacant lot - Off Market/Word of mouth - One of my clients split a lot off their rental house, we paid $55k.Moving forward, we plan to utilize auctions, wholesalers, and direct mail to find our deals. 

If using zero down finance, you have no out of pocket and you can have your tenants pay the monthly for the solar system (with a caveat that if they use excess power from the utility they are liable for that).In that scenario, you've added value to your home, your roof is an income producing asset instead of a liability and you are having that paid for by other people.

Monthly income on the apartments will be $4200 minus included utilities of about $500.

--Utilities, guest communication, cleaning, furnishing, stocking staples, quality control as a start, there's a lot!

In any case, if it is a fractionalized investment (a number of silent partners) it is probably done through an LLC, and the sponsor will produce a K-1 as pass through income, and will detail what kinds of returns and deductions are in that report.To fully understand this you should ask the sponsor and consult your CPA for the implications in your particular tax situation.

They are both on separate utilities as well - which will allow me to cash flow like CRAZY.It is zoned as multi-family.There are literally zero comps within 2 or 3 miles of this property and I've never seen anything quite like it around here (Central PA / Hershey / Harrisburg). 

Have you ever bought or represented someone where the owner was utilizing medicaid benefits for their stay in a nursing home?

I actually think it's under utilized. 

Appraiser said because it was not valued on the income it was producing as it was not a commercial property and more off comparable sales in the area.Is there is a way to find/estimate the ARV somewhat accurately for these types of properties?

My background is in the golf and financial service industries and I want to utilize my skills, work ethic and passion to become a full time real estate investor.Feel free to reach out.