Also, for whatever reason I was a bit lax in my initial assessment on the amount of work needed at this house, so that went well over budget.

My guess would be $800, but it is really difficult to assess without seeing studio comparables and without really knowing the area.

I realize that for certain investors condos are a niche they like to play, personally I see too many uncontrollable variables and constraints with little upside, control or in many cases appreciation opportunities.With little control over a HOA that inevitably raises fees and charges periodic assessments that are likely expenditures you would not prefer or receive any financial benefits are inevitable in most cases but surely cut into your profit margins, plus these associations can make renting more of a tedious task than necessary.Also, the upside for any rehabs or overall appreciation will be directly tied in to the entire complex.

Is there some kind of specific software or sources that they use to figure out things like cost per square foot, usable square foot/person, assessing the current state of the market or assessing their competitors??

Not to mention the county for re-assessment of property taxation.How about offsetting the other potential felonies that can arise such as mail fraud, racketeering, false statements (HUD & Conventional) To suggest a transaction that may come to head with a DOS clause is one thing, however to purposely create or direct actions to conceal such an event is entirely different.

Using the above example:400K ARV- $192,000 for build- $XXX.XX for utilities- $XXX.XX for admin- $XXX.XX for your wholesale fee- $XXX.XX profit for your builder= Max Allowable OfferI may be way off on this, but I've had a developer tell me he looks for acquiring the land at 50% of the assessed value.

Without knowing the city, this can make getting comps and assessing value difficult.

ACCOUNTNO=R053254825 it's now assessed at $47,507.

Is there some kind of specific software or sources that they use to figure out things like cost per square foot, usable square foot/person, assessing the current state of the market or assessing their competitors??

Your assessment of the BS radar going off when you hear someone talk about bulk trades is true, however, that is due to the amount of brokers out there trying to make a quick buck by either remarketing product "posing" as the direct seller or getting a buyer to sign a fee agreement up front and then trying to go up the daisy chain to locate the direct seller.