My team manages a buddy of mine’s listing in Phoenix (South Mountain), it’s our only one out there, but it’s a 3-bed, without a pool, and has yet to be booked since finishing design/getting listed in August.And this is a tasteful home…https://abnb.me/GNVt4YRYftbI WISH it had a pool.I will note, however, just looking at nearby listings that don’t have a pool either, they may still have *access to* one, and thus advertise as such on their listing. 

Hi @Ilena Napoles, I use Cash-on-Cash return as my primary tool and it looks too small for my tastes.

The cast and characters I worked amongst during that unforgettable and regrettable episode from 2004-2010 still gives me goose bumps...as much for the hilarious and entertaining personalities (a few of whom I still work with and speak too regularly) but equally for the remarkably unqualified experience most of us stepped onto the field with. 

Having good taste in your rehabs and hiring a contractor who is super tight and professional is going to pay you dividends in the future through higher rents, prime tenants, and near-zero vacancy.

:PUnfortunately, It would take to much time to go through the specific details, and also, this is why we (appraisers) exist, but here is a taste of valuation techniques we can use and maybe you also.* Go back in time - find comps in the market area no matter how long ago they sold and analyze and assess an estimate of market condition adjustments.

If you do, you really need to think about getting some cheaper tastes if you want to get mortgages.

En suites both tastefully upgraded.

The United States is home to many people from around the globe. This is true not only in terms of ethnicity but also in terms of cultural and socioeconomic status. American architecture is a blend of styles and design...

EVERYBODY has an opinion and has different tastes.

(and, unfortunately, I don't think anyone has a fool-proof answer).Although nobody knows for sure what the market and values will look like in 6, 12, or 24 months, the one thing we DO know for sure is that the market is changing rapidly, and rates will likely continue to increase at least in the short term...Personally, I would be very conservative with ARV estimates right now (and, quite frankly, I personally wouldn't pursue any strategies like flipping or BRRR'ing that require hypothetical future values to pencil out--that's a bit too speculative for my tastes, given the market.)   ...however, if the property was a home-run cashflower right out of the gate (with no or minimal reno), and I knew I could easily rent it if my BRRRR or flip plans fell through, then I might go for it...but, I'd definitely want multiple exit strategies, and would not want my whole plan resting on hitting an ARV, or being able to refi into a hypothetical future rate...Good luck out there!