As part of initial investment, I got high quality trailer with high-quality bedding sheets, towels, dinnerware, etc.

As part of initial investment, I got high quality trailer with high-quality bedding sheets, towels, dinnerware, etc.

When coming across a property that is the same as other nearby properties in terms of size, bed, and bath, but listed at a much lower price than its comps, what is the best way to go about figuring out why it is listed lower?

I think a lot, especially when reading, listening to youtube/podcasts, or even just laying in my bed before I go to sleep.For anyone that wants to, please step in and tell me where the flaws are in this plan.

My Background I am 29, single (living with roommates in a 4 bed, 2bath SFH) working and living around San Jose CA (bay area).

134k- Converted duplex built in 1920’sSemi Updated Average Neighborhood/Ave Schools1600 Sq Feet1 Bed Unit upstairs and 3 bedroom downstairs 20%- $26,800 down payment PI Payment $592Taxes-$333Insurance- $91Total Monthly Cost-$1017Rents $1550Total Cash Flow-$533Cash Flow per door - $26620%- $26,800 down payment $7000 max in Rehab workTotal cash needed $33,800Annual Rents - $1860075% Less Variable Cost- $13950Interest Paid annually $5620Rent less cost minus int-$8322NOI/Total Cash- Cash on Cash- 24.62%250k- Duplexbuilt in late 80’sSemi UpdatedGood neighborhood/good schools 2400 sq feetTwo 3 bedroom units 20%- $62500 down payment PI Payment $1035Taxes-$395Insurance- $108.33Total Monthly Cost-$1539Rents $2200 Total Cash Flow-$660Cash Flow per door - $33020%- $62500 down payment $7000 max in Rehab workTotal cash needed $69500Annual Rents - $2640075% Less Variable Cost- $19800Interest Paid annually $9843Rent less cost minus int-$9956NOI/Total Cash- Cash on Cash- 14.33%

In this area, that is high for an 1,147 Sqft, 2 bed, 2 bath that will need a PREMIUM facelift, as in the structure is still good but most everything will be replaced but the studs due to everything being outdated.

I caught the REI bug shortly after graduating from college as I saw the potential wealth building opportunities it has to offer.

For example, I manage a similar 2 bed/1 bath basement close to me that chose not to furnish it and do a long term tenant, and it rents for $1250/month.   

For furnishings other then a bed check out consignment shops.