I get all the information I can from the seller and I figure what I think all the numbers would be from my experience, and then I compare the two and come up with my "numbers" to figure off of.

Find comparable sales (you're doing this)2.

I would want to know what the rent will look like compared with the total debt you'll have on the property.

You might find comparable houses or apartments for sale and see how yours compares.

Then I will go through the list and find a comp price, and a market value price for the prop, and use these to compare at time of sale to help our choices..

An element of it comes down to the appraiser's desire to survive in business.

Posting questions on forums like this give you a chance to compare answers and narrow down the solutions to one that you are comfortable with.

Good news, due to the real estate boom, I could probably realize about $120k gain after closing costs if I sold at a price of comparible properties.Question: I desperately want to sell, but would like to avoid the capital gains hit.

ARV is determined by examining comparable sales in the area (comps).

Many of us know that land is quite sound safe and very less hassle compared to other real estate investments.