In the meantime will continue accumulating SFRs or more to gain experience in this industry.Looking forward to BPBhaskar

When you check that ARV, check your repair estimate.

Thanks everyone...I am purchasing 8 units in a building of 40...my current estimate is 2500 annually which is not an impact on cash flow.

In doing so, I found a document in the calculator section titled "Estimating ARV Primer".

Quick and dirty analysisARV - 58000Purchase price: 14,900Closing; $1000Holding cost (utilities): $400Taxes (200)Rehab; 30,000 Selling costs: (6%) 3,460Closing Asst. (1%) 580Potential Profit = $7460Rough estimate - you have to be very strict on your rehab cost - a 5k overrun will potentially kill this deal.

It's difficult to make a quantitative comparison, as there are so many variables involved.However- I'm editing the first post- I just found a site with estimates for heating costs according to the type of heat used.

The only reason appraisers must go there isv to estimate the income approach used with the market and cost approach to value. 

Offer is $239,000 ARV is $400,000 it needs cosmetic repairs in both units so I am estimating $35,000-40,000 in rehab costs.

Especially,if you have accumulated a few years of positive experience already.Thanks for the help!

This is written estimate fee or is it for a walk-thru verbal estimate as well?