You can have two identical buildings next to each other with different cap rates.

If identical buildings not encumbered by long term leases are for sale and one is performing to market at $100,000 NOI and the other is mismanaged and only collecting $50,000 NOI AND the market cap rate is 10% then only an idiot would sell the first property for $500,000 while the second would go for $1,000,000. 

@Christos Philippou  really tough one.that's why you see very little new construction of SFR's in bad areas.. you build it by day they steal it by night... if the exterior is sided then boarding windows will help.. but do it very well.then just get flood lights to work inside.Look at this that they use in Chicago   DAWGS system. 

My one suggestion is to find your  Investor Identity.

You can see by the amount of interest in the property, it is a steal and someone will walk away with a great project.

There is a small difference in training maybe - but the end result and the listing database are identical.

You can't exactly compare a fully renovated house with granite counters to a 20 year old house with no updates even if their identical model with same sq. ft. on the same block.

Has anyone had a problem with Identity Theft?

I was working on cleaning up my credit due to identity fraud and was going to refinance the house and pay off the balloon payment.

Or, try buying a HUD home which will allow you to buy a steal of a deal.