My assumption is that you would do some thorough cleaning and updating for your parents in this unit anyway and hopefully bought the unit with such items priced into it.  

Making the assumption that your goal of this spreadsheet is to decide if this property is a good investment or not?  

Am I wrong in making the assumption that an appraiser would not use comps based on occupancy?

Should I assume more in my analysis assumptions for things like vacancy, repairs, etc.?  

Hi all -Operating under the assumption there's no dumb questions (right?

I don't, but I stand behind this assumption because people are people.I would say to those types... step into the arena and stop being paper champs.

Hey all,Here is the property in question:https://bham.craigslist.org/reo/4757936267.htmlI'm operating on the assumption that the property is currently occupied and therefore cashflows.According to the 50% rule, this property would seem to clear $100 per unit.It's worth noting that Bessmer is not the greatest area to reside.Thanks in advance.S

A lot depends on how you plan to add value to the project, what the cash flows look like, your exit assumptions/plan, etc.  

Look at your previous mortgage details (or ask the servicer), it probably doesn't allow assumption of the mortgage.As a first choice, I'd suggest working with your lender to do a short-sale.The last option would be Deed in Lieu of Foreclosure.  

very similar to a house i used to own. what I would do: pay a company to send a camera down it with you there so you can actually see the line the whole time, dont trust them if they say they sent one down and the line is broken or someones assumption that the line is broken.