I know this question goes a million layers deep, but do you just go by the pictures that are posted online, or use a general calculation per square foot?

Of course there's another school of thought that would say to skip the kid stuff and jump right into the deep end...depends on temperament, how much time you have, etc.

As you probably know I need to get properties under contract at deep discounted prices in order to sell them fast.

Corner lot is 110' wide x 140' deep. house sits right in the middle and is 67' wide x 25' deep. the rest is backyard and front yard.

So if something in their lives forced their hand (death, divorce, bankruptcy, etc) to unload the units at a deep discount it could in turn tank the value of the one unit that I was going to own. 

And the network that a good developer should have are those with deep pockets and the city that helps your projects get approved.

I am going to owner occupy the 2 bedroom unit and that will be in the purchase agreement for it to be vacant upon closing, I am using FHA financing, The current seller loves the 2 tenants renting the 3 bedrooms and was very relieved when he heard I wanted the 2 bedroom vacant, I'm hoping the current long term tenants have done there research and expect the rents to be raised because they have been there for 10 years and 20 years, Each unit just has separate washer N dryer hook ups, one of the 3 bedrooms has a garage bay and storage included in the rent (640-690/month) and the other 3 bedroom has a large storage unit included in the rent (640-690/mo) I would like to get at least 1k/mo per unit which would make the place cashflow, mortgage will be 1400-1500/mo which includes everything insurance, pmi, taxes etc.

Perhaps even look into purchasing the property, light rehab and selling to investors if you purchase at a deep enough discount?

I also stack my showings 3-4 deep so the potential tenants can see how in demand it is and off set any potential no shows.

(I realize this is a "numbers game" so I just take deep breaths and smile.)Most recent crazy happening, woman I was working with to avoid foreclosure took too long to fill out the paperwork and her home was auctioned this morning.