In which ways can someone new to RE discover how to estimate ARV.

Estimate is $4500.

You know for that year what your rent will be, and you can estimate a percentage for repairs, but overall, you have a good handle on the income you will generate from that LTR for the year.

The loan amount is $220000, and the estimated Zillow price for the home is $600k.

Subtract all costs (mortgage, property taxes, insurance, maintenance, property management fees, and HOA fees) from rental income to determine the estimated monthly cash flow.

The landlord also said they would need to have a vendor come out for measurements and estimate.

For comparison:10-yard dumpster: Holds approximately 3-4 pickup truck loads.20-yard dumpster: Holds approximately 6-8 pickup truck loads.Depending on how much debris you estimate (6 doors, carpet, flooring, old trim), an 11-yard dumpster might be sufficient.Cost Considerations: Dumpster rental costs can vary widely based on location, duration of rental, and the company you choose. $400 for a 2-day rental of an 11-yard dumpster might seem high, but it’s important to consider what’s included (delivery, pickup, disposal fees) and whether there are any weight limits.Alternative Options:Bagster Bags: These are large, disposable bags that you fill with debris and arrange for pickup.Junk Removal Services: Some companies specialize in hauling away specific types of debris.

The insurance company may cover some or all of the restoration costs.Scope of Work and Budget:Detailed Inspection: Get a comprehensive inspection to identify all areas of damage, including hidden issues like electrical, plumbing, and HVAC systems.Cost Estimation: Obtain detailed cost estimates for the restoration or rebuilding process from licensed contractors experienced in fire-damaged properties.Environmental Hazards:Asbestos and Lead Testing: Older properties may contain asbestos or lead, which can become hazardous after a fire.

I've tried pivoting to doing a live in fix and flip but am terrified of finding a solid contractor/it's hard for me to estimate how much it would cost to fix things.

In small college town with high rental demandAsk price 745kGross rent: 9750/mth 177k/yr     (differed maint properties with potential 200/mth per unit increase once renovated) estimated reno (190k across portfolio)NOI: 91,475/yr   (12.6 CAP)    (includes tax, ins, listed maint for past yr)     After reno NOI 127,475/yr   (14.6 CAP) Deal info:    - Owner finance 745k 20yr at 6% 20k down minus deposits (~13k)Cashflow  = 2100mth     (self-managed) (self maint similar to the previous owner)By this alone, 2100 cash flow added per month, it will put me at my financial freedom number of monthly cashflow is equal or greater than my families spending amount.