Different people have different methodologies on how they analyze...you will be able to see how others do it and take from their experience.Gary

I guess what I'm afraid of is the city appraiser using the same methodology as most appraisers I've dealt with recently: 1st decide what the target is and fudge the numbers to get there. 

We have to begin by defining Turnkey - many people use this very loosely and it may carry a broad range of defiant as you engage with one operator to another.TURNKEY = accountability, economies of scale, easy access to expertise, passive incomeAsset that has been acquired in advance of any investor commitments by an operatorOperator completes renovation in-house (extensive, systematic, uniform construction material & methodology, implementation of resilient materials)Operator has an in-house leasing team Operator manages the asset in-houseNo MiddlemenDirect access to premium free assetIn-House Management StaffHome cashflows from day one as tenant placement occurs prior to transfer of title That is the most rudimentary definition of a real Turnkey asset and experience.

Based on where Kansas City stands with all these metrics (and in particular the blue highlighted ones), I identified KC as the #2 priority market.Hope that helps, let me know if you have any questions on my methodology!

I'm sure there are plenty of snarky comments waiting on my poor methodology to achieving real estate nirvana.

@Michael Leung do I have that right it sounds like you have experience in that market.. this is how it would play out in our market in Oregon and I assume most jurisdictions on the west coast are pretty similar in methodology.

If you live in a circa 1940's or older home you need to have your crawl space inspected by a licensed, bonded and insured "FOUNDATION SPECIALIST" to make sure your HOME is securely bolted to its foundation.The number of foundation bolts, square feet of shear panel, and floor-to-wall connections (brackets) that are required to seismically retrofit your home varies depending on its size, weight and construction methodology.

You just want to make sure that there is logic to your methodology that could withstand in an audit.

So I was wondering what methodology you used to value the duplex and put in an offer?

Fact vs. fiction, understanding methodology and systematic approach.