For personal reasons we ultimately decided not to pursue this business model, but now we have this property.  

I would assume little to no appreciation over next five years so I would model it and see where it plays out

It depends on your level of expertise and whether it is nearby or far, but generally I find this question unbelievable.

This is the exact reason why I switched to the Build 2 Rent model, and most of my investors are following.

You do have to furnish the homes and stay there "some" of the year, but after the 1st year you could convert into long term rental or SRO (Single Room Occupancy or PadSplit model). 

When you model that out it's a loser usually UNLESS dirt is incredible and you want them to leave to knock the building down and redevelop at much higher rents.

I believe there are too many variables for that kind of model to work.

Angel,The 2nd lien programs I offer all allow for AVMs(automated valuation model), they provide a value instantly and you'll know how much you can borrow instantly without having to pay $500 for an appraisal just to maybe get nothing.Zach

Hey Robert, I have struggled with the adjacent before/after for different reasons as well (Pricelabs really needs a better education model) on their product, but I was able to figure out my issue by reaching out to them.

like  who makes the water heater what is the model number and what are the stats.. and or what brand is the door hardware and what models.. and on and on and on..