That being said, I’m having a hard time understanding why your client is looking to estimate the NPV of his triplex.

With property taxes the estimated value is just used to apportion taxes "equitably".

I initially paid out of pocket for most of the interior updates / rehab costs when the family moved in, but now it could use new roof shingles (which we've got estimates on) and some minor updates in the kitchen and garage.

He never contacted the contractor to discuss estimates.

Greetings all,We’ve all read methods on how to analyze a real estate deal, running numbers, estimating rehab costs, incorporating taxes, capital expenses, etc.

Also, how do you estimate market rent?

@Dayton BourassaI would also be very cautious of thinking you can increase the current rent by 35%, I know you passed on this deal, but when analyzing deals it's important to be conservative when estimating rental income, if you are not conservative with your estimates then you need to account for more vacancy, which is essentially doing the same thing as being conservative. 

Anyone have advice on general rules of thumb or ways to estimate operating cost for a short term rental new construction? 

I estimate that there were about 60 people on the first day and it dwindled down to about 25 people on the third day.

The initial estimate for job gains in April was 175,000.