Generally no closet, no bedroom but what does the local code say. there is also minimum square footage in some towns I am in and even if you meet those requirement if you are on septic it is limited by number of bedrooms allowed on the septic.

I download them into my excel spreadsheet which automatically tells me my max offer based on the square footage/subdivision.

You have an opportunity in increasing your square footage NOI of your property.

Owner said the property is in "good" condition, some repairs are needed, door needed on garage; roof 5 years old (I am going to view the property tomorrow).Realquest value $77,000Comp from a sale in 8/2013 - bedrooms same, comparable square footage sold for $85KHelp me here...how do I calculate the ARV?

I do have a completed (and checked) Application for #4.Now with the familial discrimination possibility, I may wait for the anniversary of the original 3 where I was planning to raise the rent anyway.Of course checking with our "Bible" (Legal Tactics: Tenants' Rights in Massachusetts 6th edition) we're still within the 410.400: Minimum Square Footage - 150.SF for 1st occupant and 100.SF for each additional occupant.

I understand the concept of what I'm trying to do, it's just the details that I don't understand and what I'm trying to learn.Here is an example property on craigslist I thought seemed good: 4-plex (pictures and google maps shows that it is in a group of similar 4-plexes, like a small apartment community), asking $189,000Year Built 1981 Sq Footage 3,648 Bedrooms 8 Bathrooms 4 full, 0 partial Floors Unspecified Parking 4+ Uncovered spaces Lot Size 8,714 sqft HOA/Maint $0 per month I like the location allot, and from my time living around there I would say the rent is about $700 per unit, so $2,800 with all of them rented out.

You cannot use price per foot for comps times the footage of your house.

I lived in a large apartment building and the total water usage in the building was divided by the total square footage of the building and whatever square footage your apartment was, you paid that share.

Multiply that number by the amount of square footage in your property under review and you will get a "rough" estimate of value.

The rest is based off of linear footage.