I currently have 8 units (9th owner occ) in that triplex, a duplex (2009), and 4-plex (2014),  all in south seattle / burien areas.Seattle is way overpriced and IMO due for some kind of correction right now ;  I don't see how things can continue to appreciate like this,  and at least within seattle itself many smaller MF properties are worth more for the dirt under them than the structure itself just for the redevelopment potential,  which is unfortunate at least from the perspective of an buy and hold investment viewpoint and availability of decent and comparatively affordable rental units in neighborhood-scale buildings. 

Properties with 1 to 4 units are normally valued using recent sales of comparable properties.

You should, however have a copies stored somewhere for audit, lending, and insurance purposes.

She will be transitioning full time into a "real estate professional" for tax purposes.

I've put together a simple Comparable Appraised Homes Calculator to help folks use to input the information from these other properties in order to justify their appeal. 

Does having a rental property in Utah qualify for a business purpose without needing any evidence?

@Michele G.While I recommend NKY properties to my clients there is a lot of activity there and deals are harder to come by due to the smaller footprint compared to just north of the border in Cincinnati.  

Every time the turnkey topic comes up I just wonder if those potential investors have compared the other available rent-ready options on the MLS.

Obviously you need to be familiar with the area and do your research, but market rents are good compared to the acquisition prices!

So they get an offer and see the bottom line from opendoor or alike and they see profit they are happy.Now if they were provided a bottom line from and agent at real value without the excessive fees and compared that to an estimate from opendoor etc I think most homeowners would choose to save thousands of dollars vs sell a month and a half sooner.They are in Las Vegas and Henderson now as well.