Question about ARV with 2 buildings on property

[Brad Donaldson]

Hi all, just wanted to start with a big thank you to all who contribute to this site. Before I found this site I wouldn't have expected to find myself in the situation i'm in. I have signed a purchase agreement for a house that will be my first fix and flip. I do have a question about ARV though. This property has a main house that is 2350 sq. ft. and a 2nd building on the property that is a mother in law suite. How does this second building get valued? If going rate for the area is $170 sq. ft. for the main house, can i expect this same price per sq. ft. for the mother in law suite even though the space is detached from the main house? Should I expect a lesser value? Thanks in advance.