When I arrived in Afghanistan I was on episode 94.

I'd give them about a week's notice, usually, it means they'll clean things up in preparation of your arrival...but that doesn't hurt (good idea to check storage areas for junk they might be piling up or storing though).You don't need to invest out of the gate, but we use an app called Happy Inspector to actually schedule and standardize inspections.

When the sewer guy arrived, there were people still living there (with no gas) who said they'd be there for two more weeks.

@Thaddeus Goodgame how did you arrive at your rehab estimate and ARV?

In the end, we weren't the highest offer, but ours arrived with a 20% EMD (~75K) which seemed to make it stick :)

Notice required, running new amortization, accounting, verifying new payment (if deposited), compliance check and communication with a borrower is possible if they want to see how adjustments were arrived at.

Appraisers use what is called a GRM analysis to arrive at a value of income-producing building, which establishes a relationship between the Gross Revenue and Value by way of multiplying the gross revenue by an appropriate factor (GRM).

Your own calculations arrive at $800 - $342 before any allowance was made for capital expenditure, so in this case I would expect a 50% expenses estimate over time to be fairly accurate.

How did you arrive at that $158K, with comps, the first assumption is that the valuation is correct, I'd question that if you are new to RE, it's not an averaging process.

It's important to know how we arrive at the numbers, but with experience, you can look at a SFD and know if it's a good deal without ever punching a button on your calculator!