You can also create a basic scope of work and get ballpark estimates from contractors or use cost-per-square-foot averages for your area.To determine ARV, look at recently sold comparable properties in the area that are similar in size, style, and condition to what your property will be post-renovation.

The thing is I've been learning about real estate for almost 2 years and still haven't bought my first property and it's driving me insane .

It is growing in popularity because of proximity to Charlotte (about 45 min drive) and Lake Norman but still has a small town feel.

It will familiarize you with the basic terminology and benefits.

ya were we live ( personal resi) we have humungus doug fir trees 100 plus fee tall basically surrounding out lot and if one of those falls on your house it can destroy the house and if your really unlucky it can squash you..

Quote from @Nicholas Dillon: Basic math on a napkin.When you cash out the equity, you borrow it from the bank.

I would call them and send certified letter signature required or if nearby drive to their last known address.

It seems like it basically up to you to do the math on how much more you will potentially make selling each unit individually and then deciding if that extra $$$ is worth the number of extra hours you will spend.

Although I am outside of my comfort zone and feel like an absolute tool (I'm lost and that's uncomfortable), my faith, drive, and want to achieve my family and life goals continues to motivate me to get outside of my comfort zone and push for continuous improvement.  

The deals that I am doing right now though, I am basically getting the land for free, and building on, refinancing all the cash out at the end, and keeping the rental for basically no money into it.