There is a huge difference in value.Also, your valuation of the value of the structure based on potential rent does not account for the value of land, which you are not providing. 

I say this because I see a lot of overlap in skill and offerings based on what you shared.

From what I’ve been told it will take me up to 3 months to get this done, just based on the time it takes to complete mandatory courses.

For investment properties, you can get a private money DSCR loan or hard money loans that are asset-based. 

Confirm with title company that understands local transfer tax regs but in most states, even if transferred for a nominal amount there are transfer tax consequences based on the assessed value.

Because each niche has different methods and techniques to build your client base.

My initial reaction, especially based on your desire to cash flow immediately and non confidence in the area, is to pass on this deal, but we can chat more privately. 

Close to a military base.

Your value based on a 16x GRM at $1200 a month in California is $230,040. 

Purchase: $80k-$130kRent: $1100-$1500 (no rent control in MI)1% rule: 1%-1.4% rule dealsROI: 10-14%Cash flow: $150-$300/door (after all expenses and budgeting for maint, capex, vacancy)Appreciation: 3-10%+ (has been double digit for a decade)Location: C+, B- These numbers are based on the “sweet spot” in Metro Detroit.