I estimate the project will cost $75,000-$100,000.  

I ran the numbers on my own and I got wildly different calculations.4 units are 2bd/1bth and rent for $5501 unit is 3 bd/2bth and rents for $675Total rents of $2875Owner pays some utilities at a cost of $8,800/ yearHere's what I got running it with the BP Rental Calculator (as self-managed):-Purchase price of $250,000 (I did estimate of $300k ARV price)-25% down: $62,500-Amount financed: $187,500-4.5% interest: P&I of $1,042.19-Capex: 7%: $201.25/mo-Maintenance/repairs: 7%: $201.25/mo-Vacancy 5%: $143.75/mo-Property taxes: $191.67/mo-Utilities: about $733.33 mo-Insurance: $220/moNOI of $14,209Income $2,875.00 - total monthly expenses (including debt service) $2,733.10 = $141.90/mo cash flow and 2.64% COC with a purchase cap rate of 5.68%.I told her I must be missing something, and she asked if I “had the NOI at $21,662?”

Within year or max 2 years...u will have turnover ...again u will pay 1 month rent - $1000 and $2500-$3000 most conservative estimate to make house ready for rent. 

Not even an appraisal estimating the higher value really indicates the property's market value.Maybe I'm being nit-picky and if so I apologize but I hear a lot of investors say they bought 'below market value' without knowing for sure that is true. 

There might be a chance I will do a renovation on the apartment after your lease ends and move in there myself.

even in areas where we can pull the MLS, only about 25% (My estimate) of rentals are actually posted on the MLS. 

E - 1/1 $450 lease from 7/26/2006 - Middle aged male likely to continue to stay for an extended time.Taxes on the building would be roughly $2500, Insurance estimate $1200.

Friends, I am foreign service, not military, but a quick shout out to my DOD brethren - especially those with whom I had a chance to work so closely during SG17 this summer!

Are there estimates or websites I could use to get a more accurate and comprehensive analysis?

Michael Faurest Have you had the chance to get any quotes yet?