The property alone is worth a million but is generating an estimated $250k/ yr with the ability to add 3 units on site and acquire an additional 13 acres.

., 2bd/2ba single-family homes) consistently perform well.Building on this, you can also analyze current rental rates relative to nearby "for sale" comps to estimate ROI.

Cashflow – the numbers look good and give me leeway if I have underestimated renovation costs, over estimated rental income achievable or make other mistakes I am not aware of yet!

I then ran a different ad and the cost was only 6 cents per contact. 3 cents higher than FB lowest estimate.

Using Rentometer or BP rent estimator to get an idea of the LTR rent makes a lot of sense.

That is roughly 9% rent price appreciation over the original rent estimates. 

He only gave me an estimate (doesn't show work completed) for $5,000, even though the repairs were stated to cost $15,000, he said he lost other documents, when I ask him to retrieve them or allow me to retrieve them from repair company he won't.

My partner called the owner who had give the original estimate, said no way are we paying until the job is done. 

Based on the quality of this particular home, my rent estimate may be low.Note: you have to consider other factors.

Curious to hear any creative approaches that have worked in today's market.ARV and future value are speculative so when I am looking at property I am looking at it for longer term - does it fit within my strategy based on conservative estimates.