I'm getting a contractor/ structural engineer to come by and help me draw estimates and understand how serious these issues are.

In 8 years and over 20k reservations we have had 15-20 incidents I would estimate. 

If the rate is reasonable then it may make sense to try to save fast to get to the 3.5% down payment on a double or triple - househacking may allow you to increase your savings rate and pay down that loan even faster.As for estimating costs, closing in NY factor at least 1% of the mortgage amount for tax, plus $1500-2000 for lawyer, title and fees, then the amount required by the bank for escrow will depend on the actual property taxes and insurance.

Reno and house appreciated quite significantly 400k to 550k estimated. 

I'd estimate the current value of the property around $1M. 

Good afternoon,Could anyone help me to estimate my monthly expenses if I rent out my single-family house in Sutton, MA?

I only have 1 month of proof of concept so I need at minimum 3 months to get a better estimation. 

Just go through them, select the renovated/closely matching ones, and enter them into a model.Here's my fix & flip model, you can see the comps entered and some quick stats below them: Then I use that comp data to adjust the Sale Price in the model to what I estimate it will be (double check the resale $/sf is in-line with the comps), then adjust the purchase price until I hit my desired return level. 

We estimated the ARV to be $150-160k.

If you can get a loan at the 6.5%, you're saving another 5k a year off your estimates.