The property investment in total is estimated to be 105K with $1600 per month cash flow when complete.

Be sure that you are honest from the jump, your estimated rate are only as good as the info you give them.

If you are getting a good deal on a place and it is just a regular-style house, I would run numbers compared to AirDNA and Mashvisor's estimated revenue.

•Make sure to research the estimated tax assessment post-sale so you’re not caught off guard with a much higher tax bill than expected.6.

@V.G Jason Are you finding it difficult to estimate ARV right now? 

STRs demand more time even though alot of things can be automated. you will managing cleaners, damage, guest experience, supplies, and more.4) Use AirDNA to see what an estimate of revenue can be, check Airbnb in your local neighborhood to see if anyone else if getting higher rates, and use BiggerPockets STR calculator to see what common expenses you may be forgetting.

The city has already approved the permits, and the cost to rebuild the 1200 sqft. house is estimated at around $120K.

It sounds like you have an "estimated" revenue and not actual revenue going back a few years?

So many people come in and are looking for a spreadsheet to estimate for them and they don't understand the basics of what numbers they are inputting.

It was originally listed at $599K, but I was able to negotiate it down to $495K.I connected with my GC, shared the pictures, and he estimates the rehab costs to be around $80-85K.