Now, if you're very organized/detailed person and you want to be a landlord yourself, you can invest that money in a single family rental.

Single and small multi both have their merits- i prefer small multi :)Also, here's a section of a post I just made on another thread about a more detailed method of cap-ex calculation:Truly, the best method for the over analytical, is to segregate the cost of replacement vs. remaining lifespan of each component of the property & find out how much need be budgeted yearly until replacement of that component comes due.

I'm working with an investor who found a property with GREAT potential, but I'm having a hard time finding comps for an ARV.Property details:~1800 sq. ft Ranch1.07 acres4 bed, 2 bathThere are only 3 "comps" within .5 miles from property and 20 within 1 mile (sold in last 365 days).

Get tight with a local REI friendly lender to go over your particular scenario in detail. 

@Connor HeimMost small dollar units of property that you mention can be expensed under the 'de minimis safe harbor' by making an election on your return.A competent CPA will ask for a ledger or detail of the supplies account and fixed assets accounts to make sure everything is where it needs to be for tax efficiency.

There isn't a lot detail provided but one paper is a receipt for insurance which is $2159 (this is also reflected below in August) which I guess is paid in advance for the next year.

For those of you that lend, what are the typical questions and details you cover and obtain as part of your due diligence, in both for fraud prevention, and for analyzing the deal? 

Check with local PD office to confirm the details...they will tell you exactly what's law. 

Are their listings detailed with good quality photos?

I'm more than halfway through the managing rental properties book from bigger pockets and it is great and detailed.