Refi 75% of ARV for next dealMy first shot analyzing a deal in my county:$65k out of my pocket (43 for the house, 22 for rehab)Estimated $90k ARV= $67,500 cash return (assuming I pull out 75% equity)I receive about $850/mo from rent based on compsHELOC= $393/mo payment to bank (4.2% interest)$85/mo to property manager Meaning I gross approx $372/mo Zip code is 31904.

I am looking at a 16-unit property and wanted to put the details out there.

It is going for 109,000 I want to try and get it for 90,000.Monthly gross rent-$1650Expenses Tax-264 a monthWater- 100 per month estimatedHeats-100 per month estimated insurance-100 per month estimatedvacancy-115.50 (7%)Capex 82.50 (5%)Repairs 148.50 (9%)Management 165 (10%) P&I 386.51Garbage 50 per month estimatedTotal 1,511.68 Monthly Cash flor 138.32COC- 6.64% Pro Forma cap rate-4.84%purchase cap rate- 7%2% rule 1.70I don't know if the seller would accept 90,000 but its a smaller place needing updating and has been on the market for about 130 days.

The best way of getting rent estimates is from a local property manager.

Without seeing more details of the (hypothetical) deal, it's difficult to get exact numbers for you.

Lots of churches don’t file taxes but banks will look at the number of members and estimate out per member what the church receives.

When estimating a budget that has been completed without a permit one has to consider that each subcontractor is going to have to come out initially (1x trip charge) open up the walls (demo cost) undo whatever has been done incorrectly & redo everything over again. 

The appraisal came back within $7K from my ARV estimate and I thought I was set. 

There is no reason to hold.If you want to hold you must calculate the estimated cash flow based on a hypothetical 100% financing to determine if the cash flow is generated by the property, your equity/cash or a combination of both income streams. 

@Karen Rittenhouse thanks, for those details.