@Corey G.Yes close enough for decision purposes. 

Thompson wants 50%+ more compare to the previous year.

Keep in mind that you’ll have to run payroll if you’re going to be running your business as an S Corp for tax purposes...all the more reason to consult with a CPA as others suggested above.

other wise they are going to go with the builders and flippers they know perform..if your just buying for rental purposes that's a little different of course..  

In my experience, FSBO list their house way too high- remember people looking on Zillow, Truila, social, etc. to compare house prices.

Then look at other active advertised rentals and find comparables based on area, sq footage, bedrooms, and finishes and see what the going rate is for similar properties.

They even went a bit further out to find comparable houses, which is the only reason why we got what we did.

There are a lot of ways to construct deals but maybe, for now, you should save up the extra cash and attend meetups for networking purposes.

The key difference is that apartments are valued based on Net Operating Income, while the others are based on Comparative Sales Analysis. 

How does the current rents compare to the local rental market?