Process for Estimating Repairs, Fair Market Rent, and Capital Expenditure

[Anthony Jacques]

BLUF: Can anyone provide their process for estimating repairs, fair market rent, and CapEx on single family homes? Special processes for long-distance investing would also be useful.

I am completely knew to this (this is my first post, made my account like 5 minutes ago) and about halfway through The Book on Rental Property Investing and decided to do some practice analysis. I found that the three variables above (repairs, rent, and CapEx) seem like the most difficult to estimate but really make or break whether or not the investment is worth it. I was looking at a property near Goodfellow AFB on sale for $145,000, 3 beds 2 baths , single family home with about 1464 sqft in size. I was searching on Craigslist but couldn't find too many properties like this to make an accurate estimate for the Rent and without visiting the property and just looking online (doing long-distance rental investment) I can't seem to get an accurate estimate of repairs and CapEx. Can anyone provide there process on how they do this? I know the resources (Craigslist, local paper, other landlords , etc) I just would like to see how someone does these estimates either mathematically or the process they go through.