You need to compare the rents to the price of the home.

@Simon Campbell : what is the difference between a BPO/Brokers Price Opinion and a CMA/Comparative Market Analysis, which I can get from a local Realtor?

You didn't give any rental info, so it's hard to compare selling to holding long term.

Is there someplace to compare the houses to "TODAYS" prices, not years ago?

So #1 importance in this whole thing is being 100% absolutely positive in the final ARV amount, confirmed by at least 2 different real estate agents and supported by at least 3 comparable SALES, sold within 3 months and within half a mile.

If you relied on comparable recent Sales, this could be a major mistake for many, many reasons.-- Have you personally and thoroughly inspected each property and then made a detailed list of all the repairs and improvements you feel is necessary.-- Have you put numbers to the costs, delays, and holding costs?

I know evicting specific peoples isn't allowed and addresses have to legally be split up (compared with just writing 1/2 etc on the mailboxes). so I am curious is it a possibility and if so/not what are the general steps/guidelines to do so.

Hey Rudy Brown,As long as it's in line with the comps, and I mean you are comparing apples to apples, I don't see why you wouldn't want to pursue further.

If your margins are tight and your market changes or if your development is too unique for you neighborhood that there are no comparables, you could stand to get into trouble.Goo luck.

I'm looking forward to making this a successful and rewarding (ad)venture!