Building your own excel model & just combing Zillow in whatever market you're looking to purchase/running the numbers and finding accurate comps is a great way to start.In this market, you're going to need to look at a lot of properties before you find one worth it (largely due to low inventory & high mortgage rates).

This will assist investors in making informed decisions and to potentially identify lucrative investment opportunities.More Accurate Property Valuations: Property values are assessed more accurately when utilizing AI tools as they are able to take into account multiple factors including market conditions, location and the features of a property.

Unless you really know Baltimore I consider buying there gambling , not investing .

Hey @John Semioli, DSCR may be worth looking into as long as you have accurate and up-to-date bookkeeping records.

@Brody Veilleux FHA 203(k) requires you to get bids from licensed contractors, so lender knows you have accurate numbers.Once you close you can typically do the work yourself, although you won't get draws/funds for your own labor.HML will require the same.

. :-)With that being said what you were doing is definitely a gamble.

I've never seen anyone that can accurately tell you if a house, stock, precious metal is going to go up or down.

I would contact the housing authority who manages the S8 program in your area to get an accurate ideal of how they determine what they'll pay on the tenant's behalf.

While this option is the most accurate land valuation approach and least likely to be challenged by the IRS, it is also the most costly and can require several weeks to complete the process.Limited-scope land appraisal: A limited-scope land appraisal can be completed by a real estate professional who provides an analysis of sales comparisons or other limited metrics.

So, I would not be allowed to turn the property into a quadplex BUT could turn it into a duplex with two ADUs, one attached (the additional unit built downstairs) and one detached (the renovated and converted garage).Does this sound accurate to the community here?