Everything was verbal, he provided NO written estimate, contract, or even an invoice etc.  

Everything was verbal, he provided NO written estimate, contract, or even an invoice etc.

The cheapest estimate I have received is 22k for the entire project. 

Hello all,I've been analyzing several deals for small multi family homes and I took a suggestion from a blog post I found for estimating CapEx.

Your income will qualify after two years with the P&L statements.I was told that 50% of gross income will be considered and 75% of property market value to estimate the loan.However, this is just one mortgage broker - talk to few of them and see what should you do to get financing.

You can calculate what the absorption rate has been, and then use that figure to estimate what it will be, the first is a fact and the second is a projection.

Short of getting an appraisal, is there a way to estimate what FMV would be for a 25 unit rehabbed mill? 

The contractor put estimated total repairs at $27K.

Initial rehab estimates on this 1920 four-plex were too low.  

@Michael Facchini for figuring long term cashflow during a quick 203k BRRR, is it best to estimate property taxes based on what that properties current taxes are at sale or based on the new ARV?