Daniel,If its something you really like from all accounts, get with an inspector and property manager to give their thoughts on the area, condition of the property etc...

Quote from @Khon Kounbandith: The house was in good condition. 

I looked at somewhere between 150 and 200 deals before getting my first deal and that was at a time when market conditions weren't as tough as they are now. 

I used free tools like Zillow and Redfin to come up with a home value, asked him some questions about the condition of the home, made him an offer, and he accepted it.

On the other hand, a hot tub might cost more but could yield a higher ROI in competitive or high-demand markets.Data-Driven Insights: I also use tools like AirDNA or PriceLabs to analyze local trends.

Pretend to be a renter and shop the competition.

My go-to response is always: Do you have a Move-In Inspection to document the home's condition beforehand?

Look at recently sold properties in the same neighborhood that match the size, condition, and style your property will have post-rehab.

Or, rent growth is assuming 2020-2022 type market conditions.  

These are the best options for finding sellers willing to transact in today's market at cap rates that make sense to the current interest rate environment, in order to capitalize on the upcoming favorable market conditions over the next few years such as spiking rent growth, falling vacancy, and compressing cap rates.Interest Rate ProjectionsLooking at the Federal Reserves Dot Plot, which is released every quarter and is the federal reserves outlook on where they believe the Fed Funds Rate, which does not control fixed-rate financing but does influence it, as well as directly affects floating rate financing, is predicted to be 3% - 3.25% by Year End 2027 (Source), currently sitting at 4.25% - 4.5% today.