As ARV is determined by comps, I gather my comps and then perform a sales comparison analysis on them adjusting them for feature values. 

I may create another LLC to put the third house under. 

The third step was to write down my goals.

@Britt Lang Welcome to Fort Wayne .There are two REIA meetups in Fort Wayne one every third Saturday of the month at 10am in Pro-tech building.

And I don’t have a contractor that I think is qualified to take this task on in the way I want it performed.

Purchase price: $2,000,000 Cash invested: $1 76 unit value add apartment complexCurrently cash flowing at a 9 cap rate with 17 emptiesThe plan is to invest 20,000 in renovations into the empty units and have it performing at a 14.5 cap rate.Property was purchased with the seller carrying 10% and the other 10% was secured through equity in other properties.

@Patrick Britton I think you will find this varies everywhere...all my assumptions on our Inn were at 30% occupancy...if it performs at 70%, we'll be golden...There is a site called Air DNA that has this data for your area...paid of course, but good user interface for sure.

two partners that each got a third of the profit.

Purchase price: $169,000 Cash invested: $75,000 Sale price: $350,000 Third flip: I saw this home come up as a foreclosure but did not have the cash to buy it at the auction.

Buy a third property and move into it.