Because investing is now popular / trendy, and this property in particular will have higher demand, I'm willing to bet that it goes for well above list price.I applaud your thinking and analysis though. 

Then post the core numbers on the forum for us to analyze along with you.

That value is notoriously difficult to determine, and you won't realize it until you sell.I'd encourage you to think of the property's value, and your equity in the property as the "icing on the cake" while analyzing rental properties, and to underwrite your investments to the "Cash on Cash ROI" metric.

I am currently analyzing a burn out property for potential complete rehab.  

When you analyze seller financing options are you basing the interest rate on a 30 yr note?

Revitalization can put prime real estate back into productive use, because the area is located in strategic places near a waterfront, railroad and transportation routes up East and to the airport and surrounding popular city areas such as NYC and DC.


In fact, the process and people will likely gain you additional wisdom that helps you better analyze potential investments.What part of town are you planning to invest in?

Visualization of all attic and crawl spaces is coming down the pipe.If you re-analyze the value using more recent comps, what value do you get?

the rental tool here on BP to analyze different properties. 

It seems like no matter how much I read and analyze, pulling the trigger on the first deal is always the hardest step.