I traced out the title history on a few of them and there were a number of foreclosure cases that were dismissed voluntarily by the Plaintiff for precisely the same reason.

I need to run the numbers more precisely. 

The ROI is 1:1 (for resale value) at a cost of $25k.Note that this comparison (of features to value) is precisely what an appraiser would do when trying to make adjustments for the value of any feature such as an extra bedroom/bathroom, garage, basement, or pool. 

So your "without my asking" is not a reasonable stance to take on your part.The fact that you have NOT been told precisely what the violation is, however, and have not been given an extimate range (you said the lady was vague), AND the fact that grandfathered situations are legal, however, tell me that this plumber is trying to generate work.

The more precise that you are, the better and easier that it is for them to find and send you deals. 

That brings the number step by step from the initial first cut to a more precise evaluation of the deal. 

As I would be needing a PM that was on the ball and had a clear, precise call to action.Offer them job security and the potential for an annoyed owner a way out.

I think that depends on a more precise ARV and an estimate of repair costs.Good luck

Hi all,I am in the process of buying an owner occupied multifamily (3 unit to be precise in Newark).

The standard practice and the most precise would be to use the county's assessed value which is what the IRS sees on reported docs anyways.