What I am really struggling with is that this is an emotional deal for me and I am having difficulty quantifying the value of keeping a place for myself.  

But what is hard to quantify involves asking yourself how much can I make this property more desirable and therefore justify added costs.

Can you qualify/quantify that for the group? 

@Steve King it's far easier for investors to quantify returns vs quantifying risks.

Looking for some insight on how banks value these properties as I could purchase for 440k but I believe I could increase the overall value of the property, but I don't know how to quantify that.

Please exclude the school of hard knocks-meaning any losses you suffered; although, they are often a great teaching tool they are harder to quantify.  

And legitimately if you are purchasing a property where you are accepting a potential risk, do the Phase 2 and attempt to quantify the risk you are accepting. 

I like the idea of quantifying your goals.  

It's hard to quantify that into your calculations but it saves a lot of headaches and puts more money in your pocket.

.#5 Practice, Practice, PracticeWalkthrough potential rehab properties (or find properties virtually online) and practice creating detailed scopes of work, quantifying repairs and estimating rehab costs for the projects.#6 Get Your First Rehab ProjectYou can practice all you want, but ultimately you will learn the most about estimating rehab costs by actually rehabbing a house.