Hi @Jacinta A.If she is not allowing you inside the offer price should reflect a complete gut job.

By being in a neighborhood about a mile away from campus, closer to the highways (where this opportunity is) seems to reflect lower RE prices and also lower rents so net-net you seem to end up in a similar place at least from the pro formas we've looked at. 

Technically, you would need two years of filed tax returns reflecting that income so they could calculate the income.  

The contractor is working on the property under a general building permit, but I would be curious to know if I need to get any specific permit to make sure this increase in sq footage gets reflected in the property records, so when I go to refinance the house I get the ARV based on a higher sq ft. 

This way you exactly know where you stand with rent, and can adjust your numbers to reflect it.

i think it's great to set goals, but it's better to analyze and reflect on the past year's goals...anyone can say, "i want to buy a skyscraper"...lol, but what'd you do to get you there??

Do you think there results actually reflect the true picture?

I also made the mistake of assuming that past prices (i.e. comps) would reflect future prices.

Well, to be honest, we were in desperate straights when we moved in and the place reflects that - the whole used needles in the back yard and drug cooking spoons was just the tip of the iceberg, but this is irrelevant to the current situation I believe.I've explained the costs to her, and I gave her a full listing of the cost of rent, utilities, etc, and told her I was willing to wait until she could find a place she could afford to move out - but she's insistent.

No only do I want to know that I can support my properties without rental income (if neccessary), I also want the ability to have my sale decisions reflect favorable market conditions and not a financial "motivation" on my part.