Appraiser said because it was not valued on the income it was producing as it was not a commercial property and more off comparable sales in the area.Is there is a way to find/estimate the ARV somewhat accurately for these types of properties?

I have one rental in CT and plan to build my portfolio in the greater Lansing area using a buy and hold/BRRRR strategy to accumulate 20+ rentals within the next 5 years. 

I estimate closing costs at 4,000 with seller paying 2100. 

We have been accumulating properties in our LLC's name for a few years now, but we have had to accept 15 year commercial financing, which includes a 5 year balloon.  

Needless to say, roofings usually last more than the estimate time, thus, if you think that it might last 2 years, it end up lasting 5 years, in the meantime you can collect rents to pay off the roofing and maximize your cash flow.

Hasn't been a big deal for me - just bake it into your #s.Its possible the utility companies might even share approximate #s for past use too, so you know what to estimate in your budget.

I estimate some electrical work, kitchen rehab, painting, & flooring.

2024 is 6 years awayI plan to spend the next 6-12 months learning and studying dealsI estimate that in order to replace ~$130,000 of gross annual income I will need to have that same total of net cash flow from my properties by that time (I currently only own two single family houses)If I make the assumption that the deals that I find/buy return $500 per month of net cash flow then I will need a total of 22 properties to equal $132,000 per year (22 * $500 = $11,000/mo. * 12mos = $132,000/yr)The $500 per unit estimate is not a per door estimate, rather a per unit estimate.

He was the same guy that I used in the 1st project so I knew his 3 week estimate was going to be far more, and I accepted that, but I didn't think it would be 6 months. 

I’ve received one estimate so far from a general contractor and it was $13,000.