This probably won't jive with what the seller provides you, their numbers are more likely to be in the 20-40% range because they want the deal to look great on paper.Regarding comps, the assessed value can range from reasonable to ridiculous and could be based on any number of factors.  

That's ridiculous.

So our team stepped in and did something different to create massive exposure...and yes, even some controversy given our ridiculous price.

I believe in investing in your education, but the Mastery program is ridiculously steep.

But someone told me those numbers aren’t that great & I should sell it so I can use that equity to buy another property that would cash flow even more.If I do sell it, I guess the only option would be to 1031 exchange it since the capital gains tax would be ridiculous right?

I can't imagine it would cost a ridiculous amount to renovate, just the stuff I mentioned above and maybe updates to the kitchens and bathrooms if I wanted to make it really nice. 

All of this was many years ago, and our entity structure is MUCH more elaborate now and pretty ridiculous at times, but I have earned that ridiculousness over the years and the assets we have accumulated and businesses we have started.Bottom line, LLC's in my opinion are great for liability protection PLUS make you look more like a business, and not a hobby. 

I feel like this is very applicable in the RE investing business, as you often find ridiculously cheap properties in WAR ZONES that seem to offer cap rates WELL above what one should expect (can I get a "Detroit" anyone?)

I would recommend trying to get FHA financing (they do up to a fourplex), it's like 96.5% LTV at some ridiculously low interest rate.

My number one issue is money, I dont have the funds to purchase a property outright, and I am too young for the banks to take me seriously, so I am limited to private party loans, most of which are ridiculous rates written to see me fail, despite me coming up with solid investments with positive monthly cash flow from the very first month.