I am also currently working as a property claims adjuster so I regularly deal with contractors, estimating, and homes that need repair. 

I started like you a couple years ago, if you have no money at all, while you adjust your life style to raise a starting capital, you have the biggest commodity on your side; "TIME".

The benefit of using an open input model like excel is that you can adjust prepayment levels of the loan which if the loan is purchased at a discount will have a direct impact on your IRR.  

About your interest in my market: Brazil has entered into a recession and is now fighting against a political crisis, where congress and president can't agree on fiscal adjustments that must be made to "stop the bleed", Not to mention that currency devalued over 50% in the last 18 months (think of inflation in a recession environment), unemployment rise, and interest rate up at 14.25%, hence credit became scarce and expensive.In this light, construction industry, that represents 10% of our GDP, is among the ones that are suffering the most: prices going down, growing unsold inventory (24 months in certain zip codes), etc.

You should then adjust based on how your finishes and updates compare to the rest of your area.

If your model requires a license adjust it or get a license agent on your team thats not hard.Last time I listened to my attorney tell me I was right and the state was wrong it cost me 50 large...

I was told by a mortgage banker that this is due to an adjustment made to the Truth in Lending Act in October of 2009 preventing creditors from making higher than priced mortgaged loans. 

Homeowners facing property damage have turned to Adjusters International to help them rebuild their lives.

Originally posted by @Devin ScottI do not have any experience with this; however I do know that, down the line if you would like to dispose of one of your properties you will need to know your adjusted basis in the property to calculate your tax obligations.Therefore, you will be able to go to that property's account, basically run down the line items, and calculate as you go.

Ok so here's the deal if you were buying it does it look good to you and how would you work the financing I would appreciate your input Rent roll.  70,380 and Rent is low for area maintenance management and vacancy 14,076 or 20% adjustable income 56, 304 utilities 593 a month equals 11,176 a yearTaxes 11,176 or 932 a monthWaterr 1, 944 or 162 a month sewer is included in the taxesInsurance 4,567 or 381 a monthtotal expenses 24, 800 or 2, 067 a monthNOI 31,505purchase price 370, 000Cap rate 8.5please tell me what your input is on this.