Not only is their cashflow estimate fake, but it's unsellable with the surprise cap ex or tax increase.

That said I like to be able to run year end reports with an estimation of tax liability so I can provide financial statement information to investors/etc.

Analyze potential deals by estimating the After Repair Value (ARV), repair costs, and total expenses. 

These methods include:Detailed Engineering Cost ApproachDetailed Engineering Cost Estimate ApproachSurvey or Letter ApproachResidual Estimation ApproachSampling or Modeling ApproachExperience or “Rule of Thumb” ApproachFor further details on the methodologies, refer here.WHAT ARE THE BEST AND WORST PROPERTIES FOR COST SEGREGATION STUDIES?

I emailed again in May, asking for an estimated date of rehab completion.

Hi @Briley Roe,Is this the loan estimate or initial closing disclosure? 

For example, for my out of state clients, I make sure to consult with them on their deal analysis and #s, I educate them on the good/bad neighborhoods, I help them develop a scope of work and estimate renovations, I set them up with my PM/GC/lenders/etc.

Just make sure to research your local rental market and get comfortable estimating rehab costs.It’s a smart plan, and you’re off to a great start.

After a bit of back-and-forth on the repair costs, I negotiated it down to $69,000, convincing them the extent of repairs was higher than they initially estimated.

After a bit of back-and-forth on the repair costs, I negotiated it down to $69,000, convincing them the extent of repairs was higher than they initially estimated.