Definitely has curb appeal compared to the many houses immediately surrounding it, it has a nice newish fence surrounding the big yard and both homes.5.

@Richard Stackonis, If you plan to sell instead of hold the property as a rental, contact a local agent and get them to provide comps (comparable sales) to show what the property should be worth when its rehabbed. 

What was that process like, specifically compared to a duplex conversion?

It will not have any comparable rental price points to compete with this rate.

Here's an excerpt from her commentary:>>"The current situation is remarkable.Here are the basics - the ARMLS numbers for January 1, 2020 compared with January 1, 2019 for all areas & types:Active Listings (excluding UCB & CCBS): 12,141 versus 17,339 last year - down 30.0% - and down 12.5% from 13,869 last monthActive Listings (including UCB & CCBS): 15,018 versus 19,900 last year - down 24.5% - and down 14.6% compared with 17,577 last monthPending Listings: 4,662 versus 3,740 last year - up 24.7% - but down 20.5% from 5,864 last monthUnder Contract Listings (including Pending, CCBS & UCB): 7,539 versus 6,301 last year - up 19.6% - but down 21.2% from 9,572 last monthMonthly Sales: 7,764 versus 6,457 last year - up 20.2% - and up 8.7% from 7,142 last monthMonthly Average Sales Price per Sq.

In your opinion what are the Pros and Cons compared to more affordable multi-family properties (besides the initial investment size)?

Purchase price 130,000.20% down payment 26,000Closing cost 3,000Property taxes 2500 Current appraisal closer to around 180,000 when looking at comparable single family 2/1 houses Repairs/renovations 15,000Estimated rental price 1400After running it through various calculators, it seems like the rental makes sense with these numbers, but let me know what you guys think.  

All real assets have investing dynamics of cashflow, appreciation, tax favor, and debt pay down (if leveraged), so if you are looking at an asset that has VERY strong cashflow but lower appreciation, you'll simply want to know that going in and compare it to how another asset that DOES appreciate would perform.In my market there is usually a direct correlation to cashflow and appreciation.  

Your best protection is making sure you scope out your property BEFORE placing an offer - in addition to the work it may need, make sure you have a real estate connection who can help you run comps and make sure the ARV works with the ROI you need to keep going.I'd make sure you have financing in place as well - you'll want to ask around and compare your interest rates and make sure the loan is rehab-friendly.

My experience has been that both water & sewer costs are usually comparable to one another so the 4x higher sewer cost is what jumped out.