Then tell the agent to run comps for ARV based on updates you do.And you also said you can't afford to lose $20-30k, the most seasoned flippers/investors lose money all the time, and ultimately that is part of your education costs, hopefully you don't make any costly mistakes, but you have to run your numbers well enough to make sure there is some 'ooops' fund to help shield you from that.As for comps, typically, appraisers want them to be in the same neighborhood, within 15% same square footage, same # beds/baths and age.

ADUs, adding footage, major fixers. 

However after all the work thats required which includes landscape, parking lot, fencing lighting and interior/exterior work, it looks like the presumed cost of remodeling it will be double that, although Im not positive (still taking bids).Ive priced a comparable property in our area which has similar square footage and lot size and they seem to be going between $700-800k, and so my question is: based on a higher than expected construction cost which is necessary to finish our project, one which will exceed the amount of money of what a similar property goes for in our neighbrhood, should I continue with this project, or an alternative plan would be to simply beautify it for approximately 100-150k and ditch the plans, and flip it instead for approximately 700-800k now that its zoned commercial.My fear is that if I do invest the moneys to finish the project over the budget I initially priced it for, and the business doesnt take off, I would initially lose money on this investment.Thank you for taking the time reading this.

It helps for other things too like square footage, lot size and year built.

Take the square footage of the apartment as a percentage of the total square footage.

I am not sure how turnkey properties are cash flowing right now, especially in the single family market.Depending on how involved you want to be, one angle is to find properties where you can increase the bedroom count within the existing square footage.

Condos in the are I am looking are less expensive than single family home (even with the same square footage) but I noticed they do not appreciate as much over time. 

Lol Looking into a few places in TN mts. as well as NC.

Surveillance footage shows the same two kids repeatedly throwing a soccer ball against the back gate.

Huge square footage (2640 sq ft) for a 2 bedroom which indicates to me there could be room to add a third bedroom.