You could analyze the property a few ways but that will only give you a ball park ESTIMATE.1st: You can just run your analysis and add the owner occupied space as additional vacancy.This is a good method because you are "not" collecting income so you are being very conservative in your expense estimate. 2nd: You can run the analysis and calculate the property as if it is rented and you will be receiving rental income.

Each compensation method seem reasonable and fair. 

Hi Eric,So there are roughly 4 methods to determine the price of a property.

You would naturally want that difference to be basis so you don't pay tax on it. 

@Henish PulickalInteresting method for sourcing this deal.

When there are few comparables, are their other methods an appraiser will use when estimating value?

The two contractors and property manager would be a natural start.The pm definitely, and likely the contractors too, should be well connected with local investors.Once you give up equity, you will not get it back.

It is commercial in nature.

Many things to check for on title Such as a second mortgage HOA and things of that nature people may overlook or the seller may not mention. 

I have a couple of empty units in So CA (Inland Empire - Riverside and Moreno Valley), and the usual methods of marketing are not working right now for me.