If you have a safe margin and a good rainy-day fund, I'd say go for it.I'm not familiar with Yuba City, if the economy and rental market there were otherwise strong before COVID-19, they'll likely be strong after. 

@Ryan McKimm,You make very valid points, even if it is a bit off-topic.If you read any of my posts, you will see how I stress the importance of only pursuing strong deals. 

My understanding is that you don't have to use the govt. assessment, but you'll need a strong argument for a different ratio

If you are trying to comp for a list price for a flip, you want to pay strong attention to a half-mile radius of properties (a mile if you are more rural) and really go deep on how long they were on the market and what they sold for.

No strong arming here.

Also good to know the RI-Florida connection continues to be strong (many RI folks refer to FL as our sixth county :)

Good morning, BP.Initially, I was learning all that I could about fix-and-flips; however, I'm strongly considering turning back to owning rental properties.

So the income theoretically does not play a role in the value but, in practice, the better the income the higher and item sells for and therefore there is a correlation between income and appraisals even for the 4 unit and less RE (it is just not as strong as your post implies).The bathrooms over the closet is the correct choice if the numbers he provided are accurate.

Had another we passed on because of a new city/town specific code requiring a $3,500-$4,500 Septic Fabric Drain Guard surrounding the leech field.

Some are talking about coming back into the market strong in 3-6 months, when they think the market drops.