I am no newbie far from that.It has more to do with that you should never exceed your MAXIMUM recommended total Debt:The formula for that was in Finland Landlords newest magazine form spring 2021.Maximum DEBT FORMULA is and this is what they recommend in Finland.Your work GROSS income/month X (means multiply by) 12.5+ x (MULTIPLY BY) 4.5+LANDLORD (+stocks) GROSS income /YEAR (Note not /month) x (MULTIPLY BY) 4.5Please note in FINLAND we do not have normally SUPER USA Salaries.

All you can hope for is that you can point out a factual error - however, unless it is square footage, and even that can be tricky if they measured the house themselves, it is unlikely to change the value much at all, as the appraisal is essentially price per square foot (based on comps) multiplied by square footage.

That would give you the amount per room, then multiply by rooms in the unit.

For my estimates I just multiplied the $25 x the number of square ft and added 5-20k more for each property to be modest because everyone always says the repairs end up costing more than you anticipate.

Now when you rough estimate before seeing the property are you just taking the sqft multiplied by the average cost of installation for say flooring in your area as an example and adding that to the rest of the rehab costs?

If not find the cost, multiply it by 3 and then reduce price by that much3.

@Justin Pera, I am a licensed lender here in Florida.When obtaining a multi-family 3-4 unit with an FHA loan, all units rents, to include the one you’ll be living in, must be multiplied by .75% and cannot be less than your total monthly mortgage payment.

As a rule of thumb, many sellers try to estimate the max value of the loan that the buyer is able to get by multiplying the amount of cash that they are comfortable spending each month on mortgage payments by 100.

So multiply your downpayment by 10 to see what the hot money could possibly buy you.

Multiply that out in a year and they are making an additional 15k (neglecting tax).