It's a two bed/1.75 bath with 1300sf upstairs and a 1bed/1bath 1200s.f. mother-in-law.  

I used $500 as it was a good round number until I figure out how many are single bedroom, 2 bed room, etc as that will effect rent price.

If not then they are buying 3 beds at the cheaper price.I do not know your area.Appraisal means nothing so forget that. if you are not getting an appraisal for loan purposes the appraiser will massage the numbers to come close to your value.

So I'm sitting in bed at 7:30am just after coming back from placing my first 20 bandit signs!

The same item proposed in a fire access lane that fails under the weight of a fire truck responding to a call, could mean a lawsuit for the death of a person.

It is a 3 bed 2.5 bath built in the 80's.

Also, make sure, if it is one bath, that you don't have to go through one bed room to get to the bathroom.  

It is a 3 bed / 1.5 bath on one side and 2 bed / 1.5 bath on the other.

I haven't talked to a building company since I am just currently browsing potential properties and analyzing them to get some more experience doing the calculations.But I can't really analyse any deals without knowing how much the refurbishment costs are going to be.I would like to know, what should be on the snagging list to make this into a proper kitchen and also what the approximate costs would be do to all of that.Property details:2 Bed / 1 BathroomCurrent offer: 110.000 PoundsARV: 166.300 PoundsEstimated repair costs: 20.000 Pounds (not sure if this is accurate AT ALL)Offer I am putting out: 96.410 Pounds (based on the 70% rule)Rent: 1000 Pounds per calender month (2 tenants sharing the house, 500 each)The property is located in an area with 3 universities and a hospital, so I figured there would be a good chance for letting this house out with 2 tenants (correct me if I am wrong).Here are the calculations that I have learned on my 3 day property investing seminar (UK based) and have implemented in my calculation spread sheet below.Please comment on the calculations if you see something missing or find odd.

Ours was a single family and the other persons was a 2 bed condo; I think once people can't move before school starts the rental market here diminishes a lot.I didn't contact people who had looked previously because I figured if they were still looking they would see my price drop on the websites.