When setting our pricing, we look at homes with the exact same number of bedrooms and competitors in the same price range.

One house is high end and one is just a mid range flip kind of place. 

> I recently saw a garage conversion quote of $120K -- fully executed by a GC, no DIY.I believe that but there has always been a price range. 

While I think the owner with sell for ~$75/foot, that makes it in the $2.1MM range and it has been vacant for 1 year. 

I always use a few sources like Zillow, Furnished Finder, and Airbnb to find the range of MTR rents I can expect

Their homes were just a little out of my price range, and I have heard from a few investors that appraisals often come in under purchase price and the investor is expected to pay the difference. 

Any possibility of getting a narrower range of the cost of remediation? 

Populations in the 300-500K range are generally a good sweet spot.Roll multiple smaller cities/towns up into one larger “target market” if you need to Reasonable Property PricesStaying at or slightly below median market value increases your odds of success since there are more buyers/sellersHigher price points can be very lucrative but typically require more time/money for marketingGrowing or Stable EconomyTarget market should have positive economic growth expectations.

We do them all the time in the $75k-$95k all in range and they are consistently appraising for $90k-$120k.It's a great way to scale if you have the capital.

I have a property cash flow analysis I use to determine a range of factors.