Depending on what market you choose and the conditions of that market you may want to sell first prior to finding the next property.

By this time my wife and I noticed that the economic conditions had changed and the CMAs were a lot higher then we had anticipated.

How do I figure out what's it worth in its current condition and the ARV?

Account Closed  Since it was my first time in the area, yes, a lot of them I vetted just driving by because I didn't like the neighborhood or the condition of the house on the outside.  

If your multiunit's numbers and condition make sense, dive in!  

The buying condition is "as is."

Take condition and lot size into consideration.

• What do you think your house would appraise for in excellent condition?

Buyer has examined the Premises and is relying solely upon such examination with respect to the condition, character and size of the land, improvements and fixtures, if any, constituting the Premises.At Buyer's own cost and expense, Buyer shall obtain and maintain in full force and effect at all times during the continuance of this Contract: (a) comprehensive liability insurance for bodily injury or death to any person or persons, and property damage insurance, in such amounts as Seller reasonably deems necessary; and (b) fire and extended coverage insurance in an amount sufficient to prevent Seller from being a co-insured under said policy of insurance, but in no event less than the unpaid balance due under this Contract.Seller and Buyer shall both be named as insured parties in the insurance policies required above, as their interests appear, Buyer shall furnish Seller with memorandum copies of such insurance policies upon Seller's execution of this Contract.

A fixed amount for a property, based on the condition of the high dollar amount items and likelihood of failure.