Forced Appreciation & Value of the home- 7 yrs to 7 figure wealth

[Michinori Kaneko]

Hi All,  

I just read the 7 years to 7 figure wealth that Brandon Turner wrote and had some question.  In his examples, he talked about buying a $100K house for $80K.  My question is, how do you determine how much the home is "worth"? Maybe once you become seasoned, you can gauge it pretty well, but how does a new investor estimate what the property is worth, or do you just go by what the ask price of the property is? 

Secondly, he mentions that he does forced appreciation on those deals in year 1 to boost the value of the house by 10%.  In his example, it doesn't look like he spent any money, but what are good examples of forced appreciation that can be done cheap that can increase the value of the home a lot? What should I be looking for when buying a home?

Thirdly, I know his book was written few years ago, but his example has $2400 gross rent per month on a $100K property (which he bought for $80K).  That's 3% rent of purchase price, and $800 cashflow per month.  Is that kind of property still available in the market these days? If so where are these properties located? Maybe i'm looking at wrong places....?

Thank you for your help in advance.