I'd guess the real number is closer to $30k, since we bought it slightly under market and did some minor work like changed all the appliances. 

The structure also allows for mitigated tenant and maintenance risk, but it has increased dependence on market movements due to being appreciation based.

For example,  if no one else bids on the property or it stays on the market longer than the bid window and they do not accept an offer?

In my day job I do SEO for a digital marketing agency and I am more than happy to talk SEO with anyone who has questions.I'm interested in Long-term rentals, though admittedly, finding deals below market value and funding those deals (not to mention I honestly have no idea have to put the deals under contract in the first place), are problem the first things I'll need to learn.

Another option is to estimate value based on potential income and market cap rates, which can give you an investor’s perspective.

I am convinced because listings sites pick markets they think make them more money to advertise.

When I say education, I mean real education (not formal or higher education) but more like hands on business experience, sales, marketing, or agriculture as you mentioned. 

Loan sizing varies by market, but in most areas your loan will be sized to 75-80% LTV; 1.20-1.25x DCR; 30-year amortization.

If Union City’s numbers don’t work, out-of-state rentals in more affordable markets might offer better cash flow.Good luck!

One year after I used that property to pull a HELOC and this year used that money to purchase an off market 4 family property in Clinton for well under market value, which I just recently finished all of the repairs and upgrades on.