I have more than 8 years experience in construction field, specially in interior design and home remodeling but not in US.

I believe the rental is worth at least 100K as it was 100% remodeled in Q4 of 2015.  

I do have experience working for Construction companies, Service Industry companies, and Independent Contractors in fileds such as Plumbing and A/C, Electrical, Multifamily Service/ Construction as well as Sales, Customer Service, Renovation/ Remodeling, Data Entry, Financial Services and Start-up Companies. 

We prefer distressed properties for numerous reasons such as increased returns through sweat equity/forced appreciation, and what we fill will be lower long-term maintenance as our properties have received significant if not complete remodels.

I'm in the process of a similar deal.Mine is a value add duplex, that I'm in the process of remodeling.

Turns out the owner did a little remodeling a few years back to open up the living area.  

@Huiping Sheng  I haven't been involved in too many sinkhole situations in my remodeling business other than knowing a few people who've had some develop on their property. 

The goal is to live in and remodel for 6+ months then sell for 175-185k which should be doable given the comps.  

I am working w/ a couple GCs to find properties that need remodel/renovtion or groud-up construction.So far it has been difficult to get people on the same page.

Hi Grant,1) Regarding the ARV, look at properties comparable to yours (GLA, age, br/ba, lot, location) after they have been remodeled or" flipped"2) Running numbers on multiple potential deals, you will learn quickly what is a good deal and what's not.3) I would think so, so shop around.4)  I would call title companies in your marketplace.I hope that helps!