I estimate my absorption rate alone will make back at least 50% of the additional investment on the initial lease up and the rest within the first two years on saved maintenance costs and lower turnover.

Can anyone here send me a sample estimate for Garage Conversion?

Hello BP community, I am curious if anyone has come across a lender that will give a loan based on renting by the room and using the rental income as estimates in the loan?

Do y'all have any advice relating to how to have more reliable estimates and how to find sub-markets in areas?

Two of the books that have helped me when I was in your position are Start with Strategy - https://store.biggerpockets.com/products/start-with-strategyThe Book on Estimating Rehab costs - https://store.biggerpockets.com/products/the-book-on-estimat...Since you like the podcasts - these are available as audio books and broken into audio chapters so you can listen just like podcasts!

I asked for a sample estimate ahead of time to make sure I can check everything.ALTA Seller's Settlement Statement provided by the buyer's title company lists:H.

MLS, direct mail, through a wholesaler, etc.The property can be located in PA or NJ, they do not care.We have to send them a detailed comp reportWe have to have our GC's come out for bids (on our dollar)We have to have our inspector come out (on our dollar)We have to get the property under contract with a 10 day inspection period before we can show it to them or have their inspector come outThe contract has to be assignable$50,000 is the profit they ask us to shoot for6-8 week rehab time, no structural issuesOnce we find a property and get it under contract, we must immediately pay $795 for their inspector to come out, send them our comp report and our GC estimates.  

@Will MejiaFor taxes: the first step is to pay an accountant specializing in real estate to estimate your tax hit.

. - how can i get a rough estimate on how much the properties will offset?

Sellers did not allow us to get professionals in to give estimates for a french drain before closing (yes, our red flag we should have walked away with), but agreed to lower closing price.