It’s always a good idea to consult a local real estate attorney and title company for more accurate estimates in your area.

Yes I think estimating 5% would be a good start and then once you know the school district you can get a better idea of what to expect.

It’s a good move to have a contractor walk through before making an offer to estimate costs and timeline. 

We typically estimate standard costs for these items but get them done much cheaper with our own crew.

During your initial walkthrough, inspect the property for any major issues such as structural damage, roofing problems, plumbing, and electrical concerns, while documenting all cosmetic and functional issues with detailed photos and notes.Once you confirm the property’s potential, finalize your ARV and calculate the repair costs using either a reliable estimator or insights from contractors.

Make sure you are using the estimated taxes shown at the Stark auditors site to check on them for next year as there are some significant increases coming!  

Do your underwriting and be conservative in your estimates. 

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

There are also many calculators out there that over estimate the cost assumptions or rent comps.

I have a little hard time estimating a fair market value given these conditions as I don't know how much to discount the value of the house with these issues presented.