Seems to me the IRR is the more accurate way to value this.

For example you can restore old windows (this is as costly as replacement) or you can be forced to use historically accurate reproductions, also costly.

Try to do your research as accurate as possible.

He said one of the most important things in getting an accurate appraisal is to have someone who is IN YOUR MARKET do the appraising.

I want to build some trust so that I truly will have a third-party verifying what my contractors are telling and showing me is accurate. 

I'm not sure if it's possible but I would like to arrive at an accurate number for the cost to build with everything included.Apartments are almost non existent in the resale market and I am willing to buy the lot and build myself if I'm making a good return.

Even if all those numbers are accurate, ROI is only about 12-13%, which is a good bit less than a lot of rehabbers would be looking for.What would it rent for?  

If so, how did you guys accurately figure that in to the bid?

Are you confident that the rehab estimates are accurate?

Then multiply that number by the subject home's sqft and it should give you a pretty accurate list price for your subject home.I hope this helps!