Two good topics will be Market Analysis:Provide in-depth analysis and forecasts for specific neighborhoods or property types within Northwest Arkansas.Emerging Neighborhoods Highlight up-and-coming neighborhoods or areas with high investment potential.

There's several "back of the napkin" formulas we use as well as more in depth spreadsheet models that I lean on.

Brad, The depth of the exterior doors & window frames will be two inches deeper with 2x6 construction, compared to a standard 2x4 home.

After an in depth discussion, I agreed and decided it would be the best way to move foreward.

From the information you've shared here, seems as though option 1 would be your best bet.You should consult an architect and run a more in-depth analysis on the construction costs if you're seriously considering rebuilding.The cost of demolition and construction on this could be north of $600K.

Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.2.

@Randall AlanThanks again for a great in depth personal story.

No, it's not simple, it's far from 'easy", it requires great depth of knowledge, insight, efforts, resources.

Estimating 10k in reno costs right away - things like removing carpet, replacing kitchen cabinets(I can do these myself) I realize this spreadsheet is missing items and is not a full in depth analysis but I am hoping gives a starting point.

Would it be better if you were experienced in home building and could have sniffed it out earlier, a master of process's and hammered bank into accepting something else, well of course but your not those things, your new, without those skillset's or knowledge base so ignore the banter that your should have done something out of your depth.