BP calculator does it, its an estimate but works8. 

This of course depends on your starting bank roll - but if its like mine (under 100k) - Im trying to put as little as possible into it on top of initial equity and fees.this will likely chew a big hole in your ROI  (now if you are looking to improve value with a cash out refi or a great prospect comes along that needs combo new plumbing, roof, windows, foundation repair, etc - well just make sure you know what youre getting into and/or have a good contractor and finger on the pulse of the market when estimating the ARV YOURSELF - couple missed items and you risk having a bad first investment and not doing it again).    7) dont be scared be ambitious ( i should heed my own advice sometimes) 8) define numbers goals within your target areas.  

It's super competitive here and we have a large flow of off-mkt homes coming our way, so we had to develop tools to speed up acquisitions/underwriting.I built something that allows VA's or very green staff members the ability to properly distinguish opportunity as if they had years of expert experience & local market knowledge.It will run sales comps & estimate ARV for you:And has drilled-down market stats that are actually useful!

Creating a scope of work is the key to estimating rehab costs.

I agree that there are ways but 1) rent ready without value add will be huge cash negative with realistic expense estimates 2) most single unit ADU additions cost more than the value added.  

Estimated value is about $404,379 but may not be accurate(it’s the amt that shows on my mortgage companies app).

What I have learned is the usefulness of the lead-generating sites is very market-specific.If I were to estimate, in the last two years, my lease-ups came from Craigslist (20%), Apts.com (20%), Zillow (30%) and FB (30%).Most of the responses from my ads come from Zillow (40%) and FB (50%), but most of those leads are woefully unqualified (especially FB). 

I’ve gotten estimates and it is 45-53k.

So true and 100% agreed with you bothLost my A$$ almost every time I touched something not RE related lolwhat really happened here is beyond typical "RE guys" investing into "non RE".This is outright investment on unregistered private placement that' usually can only be done to certain highly accredited investor because it's super high risk in its nature.Here's more information on REV's financial position :Financial Challenges:As of early 2023, REV was reportedly exploring restructuring options, including potentially filing for bankruptcy.The company had allegedly paused payments on its debts, estimated to total around $200 million.Revenue and Losses:In 2022, REV reportedly had revenues of about $60 million but losses of around the same amount.This was a significant decline from 2021, when the company had revenues of $150 million and losses of $90 million.Recent Developments:In May 2023, REV's backers acquired its IP portfolio, allowing it to avoid bankruptcy.The assets are now owned by a new company called Omni Retail Enterprises, which acquired most of REV's assets in a transaction that closed within the last 90 days of the report date.Portfolio Changes:REV sold its stake in Tuesday Morning in May 2023, which it had acquired through a $32 million investment in September 2022.Usually with unregistered private placement, the advertisement of such product should not be made public by LAW.

Now I plan to build a real estimate investment portfolio focusing on a buy and hold strategy (BRRRR) through multifamily properties surrounding the Snohomish County and Everett area (north of Seattle).