A cap of .10 would give me pretty close to no money in the deal at a 75% LTV.Also - If someone wants to cough up enough cash to buy it out right, I'd entertain a partnership conversation. 

The free option, however, has a cap on how many documents you can e-sign.

Another is hourly, usually with a cap and then theres usually just a lump sum based on what the architect thinks they can get it done for and still make a profit.

If the basement was plumed for a toilet or shower there would be a 4" line vertical in the floor with a cap on it. 

I maintain the advantage of doing all the contracting myself as a capable rehab guy. but that wont put food on the table as we flip these properties into rentals.

Then  maybe $5k max I'd put in as a cap.   

The reason they do not allow 100% of the rental income is because they assume 25% will get eaten up with maintenance, repairs, management, etc (they are effectively accounting for your properties operating expenses) With that said, they place a cap on the qualifying rental income at your PITIA (principal, interest, taxes, insurance, association fees).

If I put the two bed 1 bath rents for 800 that is 2400 for those ...the studio I am adding will be another 650 So 3150 for apartments ..With 13 storage units at 55 that is 715 a month but I am adding a larger 14th unit that I will rent for 150 but let's say 100 bringing the total to 815 for storage So 3150+815 =3965In a cap rate appraisal you exclude the mortgage, tax, insurance and cap Ex So expenses are ..Heat 200Water 75Trash 75Landscape/snow 75Repairs 120Vacancy 120Miscellaneous 200That's 865 in expenses but let's say 900So 3965-900= 3065 in profit (noi) x12 months in a year=36780You divide that by the market cap rate..which I am going to use the most recent data of 7.45%36780÷0.0745=493,691can't be right.

I have found nothing like that within 500 miles of my area to see what a CAP rate would be...Am I safe to use a commercial apartment building as a comp? 

This would put our initial investment at around 126K and a cap rate of 6.4%.