Hey Donna,Verify bed/bath count and square footage with the other rental listings that appear, but the median rent should provide a rough estimate of rent per unit.

If you haven't seen it and the estimate is 25k, it will be 50k minimum.

A good realtor AND property manager (I prefer a PM who is also an investor as mentioned by @Dean Harris) will be so key in helping you with not only rental estimates but letting you know about the caliber of the surrounding neighbourhood.

Borrowing Against Equity: Costs and ExpensesCost of Cash-Out Refinance or Home Equity Loan:Interest Rate: Assume a 4% interest rate over 30 years.Monthly Payment: Approximately $716 per month.Total Interest Paid Over 30 Years: Approximately $108,000.Closing Costs:Typically 2% to 5% of the loan amount.

I would estimate that it could double the value of the property.  

My insurance guy for the past 2.5 years has been at wits end because he had to continue to deliver bad news on referrals and estimates for new properties.

(which may be lower than expected since you described the area as not awesome). 3) Rethink your numbers in dumping it- with an estimate for repairs in mind.

@Alecia Loveless Yes I’ve received multiple estimates for the electric and it was around the same price.

We welcome any suggestions or insights you may have Additionally, if anyone has information on the approximate cost of building a duplex and triplex in California, we would greatly appreciate your input.To provide context, neighboring properties in our area offer insights into the local housing market.

The broker/ acquisition fee is a percentage of the total deal (estimated property and reno) or just the purchase price of the property?