1- Assessed value is a valuation for tax purposes, often has absolutely no correlation with market value, which is the actual value of the asset at a given time.2- Cash out refi of investment property is not possible in 2-6 months.

The reason I wanted to have the property in the LLC name was mainly so that the rent check would be to the LLC as opposed to my personal name for privacy and business distinction purposes.

Wholesaling purposes?

I looked quite a bit, but the thread you mentioned had actual statistics comparing the two, so that's what I went on!

My market has similar numbers for the same size home and the rents are closer to $1,400-$1,500 even in the better parts of town.Homes in this price range don't normally give you the most bang for your buy and hold buck as compared to lower priced homes.

Just saying that any fixed percentage being calculated will likely be inaccurate when compared to the actuals from the assessor.

Not a bad idea for an isolated lot or rural area though.I checked manufactured housing to compare costs of hooking up utilities, and it seemed like the plumbing/electric parts would be 10-15K in itself.

They depreciate and never appreciate over time as compared to RE.

How is your market doing compared to a year ago?

Comps are recent sales of comparable properties in the same area.