Have you seen the movie Mad Max? I

When no comps are avaliable you can use current market rents, talk to a mortgage broker in that are, find out price per S.Feet, and they should be able to give you a maximum loan amount that rents will justify, changes from FHA & conv. but let him figure out MAX loan amount for FHA financing add thae down payment and you bill have the maxi. loan that market rents will justify and a lender will accept in order to fund the deal, the appraiser can then go outside the area and use 3 units if needed, but if rent numbers don't work no normal funding will work, so work the #'s backward = ARV.

Only if it's you mother, Rabbi or priest. 

I place occupancy limits on my rentals at 2 persons per bedroom max. I

@Chase BarrettI'm not sure what his max is for investing, but i'll pass along your numbers and see if he is interested in more details. 

So the cross streets are around priest and university.

The heloc rep I talked to told me based on my numbers the max I can get on loan via a heloc at wells is $369k.  

Renovations can be folded into a single mortgage (up to 35% ARV or $35k max). I

I work with an ARM lender who waives seasoning with rehab and will still lend on new appraised value up to 80LTV, depending on the state (some states are 75LTV max).  I

Hi Max, I am also a newbie in RE investing, and I have to say the BP podcast with Tom Wheelwright was a game changer for me.