To find value on residential 1-4 unit properties you could ask your realtor to run comps or complete a CMA(Comparative Market Analysis) on a subject property once you find it.or you can find the value on your own.We use prop stream to run comps. 

My weekly podcasts will also help you get a better feel of our market and then might help you learn our market quicker and with more data. 

The reality in this market is that you would likely not have any funds left to return to them since it is unlikely to get re-rented so soon.

in a stick frame market and one of the cheapest markets to build we build with margin at $190 or so a square foot. that will go up over time about 5% or 10% a year to keep up with new build price increases. we are buidling a 3 story walk up and source some of the lowest priced crews.

Market Demand: Buyers love move-in-ready homes, and flips are often the most attractive properties on the market.

I see off market properties weekly, talk to investors both new and seasoned daily and I am actively buying myself.

This market is huge.My only advise would be always searching for deals and running the number using the calculators the BP has.

Lenders do not look at your personal income or debt and will use the current market rent or lease (up to 120% if the lease is significantly higher than market rent or vice versa) as qualifying income.

As far as investing in the short term I feel investing close to home (50 mile radius) is the best option because you have a superior advantage by knowing your market.

Try networking locally with HML's who know the market.