HML lenders want to see a clear path to profit, so ensure your ARV and rehab estimates are solid.For next steps, definitely prioritize a detailed inspection to confirm HVAC and interior needs.

Hi Eric,Great question—estimating operating expenses can definitely be tricky, especially for items like maintenance, CapEx, and make-ready costs that vary widely between properties.

Unless you are confident in estimating the renovations needed, I would highly recommend getting a contractor's professional opinion of the rehab costs.

Looking for a house we could house hack, had an incredibly low interest rate on mortgage and house has increased in value about 42%, an estimated 180k in equity.

Estimate utilities and figure out who pays them (separate meters, landlord paid, etc)5.

Hey All, I’ve found an off market duplex in need of some repair (estimate unknown as I haven’t been inside yet).

You can use this tool to estimate future property taxes: https://treas-secure.state.mi.us/ptestimator/ptestimator.asp

You will have to create your own renovation estimator with the numbers that you gather.

Are you renovating your kitchen?

An agent should be able to send you a estimated proceeds sheet.