I personally just care how much money the properties make than what they are worth since I plan on never selling, but it is always good to have a solid exit strategy that may involve selling.

As you build your portfolio (you have to buy #1 before you buy #2) your income will increase, your net worth will increase, and there are always options to refi and take some cash out of performing investments to help secure the next deal. 

It may only be that the stucco mixed in the correct ratio but i would want to be sure i didn't have additional problems.All that being said I would offer what i thought the property was worth taking into consideration the estimated repairs.Good luck!

If you have a $12,000 NOI it would be worth $250,000! 

It isn't worth the fight.

I have application with clean background checks and credit score of around 680Income to rent ratio is 2.5.I have asked for a consigner.However I am wondering if There are any other options worth pursuing to mitigate the risk - such as ask for 3 months rent as deposit instead of one month ?

Currently, I track net worth monthly on a simple excel spreadsheet (has columns for checking, retirement, index fund, etc...).

Hypothetical situation:If someone had a property worth $100k, and owed $50k on it but fell into hardship and missed payments where had could go into foreclosure and had payments in arrears but got back on there feet.

It is worth it when you can afford to do that, but in the beginning, it's not a realistic way to find cash buyers. 

I have a different view, I install central a/c in every unit, I feel it gets  better tenants and there more likely to stay longer. ive felt that swamp coolers are a thing of the past, like a rotary phone. as a realtor, I'm finding more and more homes with a/c installed, so times are changing. best of luck on your decision.