You may be suprised either way Why would you bother trying to pull comparable sales on a multi-unit building?  

Comparing apples to apples, Allstate has consistently been half of some of the other companies. 

Now compare that to taking on the risk of a project where you can manage the rehab and 100 aspects of a piece of real estate where you have almost total control of the outcome based on your knowledge and experience.  

It is only meaningful within a given local area as a means of comparing what folks are paying for similar cash flows.  

Some lenders will take your payment to your seller in full rather than a percentage compared to a lease payment.

Comparable 1 bed/1 bath in this area can get very pricey and other units in complex have been selling lately for 120-150k. 

I don't want to diminish the idea of keeping ourselves safe, but if you look at how many showings there are across the country compared to the number of incidents like this I'd say you're probably more likely to be injured or killed on the drive to the showing.

I was using the "class" system based on quality of tenets/safety of area/stability of area vs. more of a classification of the income/town itself...but I guess I could have said more of a A- minus compared to towns like summit :)

Oh well, purchase prices over here in Finland are kind of ridiculous compared to the rental income you get.Anyway, I am dead set on becoming financially independent before I turn 40 years old (I'm 26 at the moment) and have decided that real estate will play a large part in this plan.

Full disclosure: I haven't made a purchase in that area for over a year and my latest appraisal (for the BECU HELOC) came it at $150K for the smallest one, so I'm guessing comparable deals are proportionally more expensive.