@Allan Smith He's taking what it's going to cost him for individual cap ex items and dividing it by the period of time until that expense will be realized. 

I have also gone through various posts and online but I havent been finding the actual numbers gameIs there a specific value calculator like Bob talked about?

Looking online GC liscense seems to be a pretty reasonable process to achieve??

Looking for like minded individuals in my community!

I would also consider paying myself a wage from the rehab budget, either as an individual or through a second company that I make for the purpose of submitting the labor invoice.  

If you are just going to look online and try to find something that seems to fit the 1% you are likely to be rolling the dice.  

There are many online sites where you can pay$65ish and they will send you a fabricated letter.

As for how much the individual units would rent for, you'll have to do a bit of research but here's an article I wrote with some resources you can use to get a pretty good idea: How to Determine Fair Market Rent.Hope that helps. 

All of my files are stored online, I can access them from anywhere.

The property has 6 individual apartment homes on one lot.