The Detailed Engineering Cost Estimate Approach is typically used for the purchase of used property.SURVEY OR LETTER APPROACHOnce a site inspection has been completed and all components of a property have been determined, your specialist will send a survey or letter to the contractors or subcontractors to request they provide the cost of each of the items.

There are cheaper markets that your current savings would go further and possibly provide better opportunity (almost definitely in the short term).

Yes, I'm a Property Manager in the greater Phoenix area.We are a mid-size property manager, large enough to have great tools and support but small enough to provide personal service.

People have provided you with multiple options.

I havent gotten an insurance for this and a week after close I consulted some insurance provider and he didnt offer me insurance options.

I merely provide good information and good answers. 

Purchase price: $81,000 Cash invested: $30,000 I acquired this property at an 11% cap rate, which provides strong immediate cash flow.

Our parent company (GA Technologies) is the #1 investment real estate service provider in Japan.

Contact the utility provider and get a historical average based on the last year of use.

Based on the info you provided, it seems like a no brainer to make it a rental.