The MLS sales data shows that as well.Account Closed I totally agree with your assessment, there is a lot of fear mongering regarding the recession.

We are practicing more with the calculators and assessing deals but I'm sure there are plenty of things we haven't considered or encountered. 

In it I worked with one of the largest property manager's in Birmingham to grade all of the neighborhoods in the metro area on an A-F scale so investors can assess the level of risk with a particular property.

If you book a house with queen beds, I can't understand why you would even think about King size beds.On a side note,  house hacking and professionalism are absolutely very compatible.

Often times the assessor will show the % of the assessed value that the lands makes up.If the asking price is significantly less than what you calculated above, then I'd say you do some more due diligence and try to find a developer to send it to.Good luck!

This is the only way we assess ARV and we are pretty good at it.

Do you mean tax assessment maybe?

I'd have no problem asking someone to verify my assessment but confidence in my own due diligence builds stronger as I run the numbers and  continually evaluate myself.  

Then you can assess how quickly you can pay off the additional debt you would take on for down payment.  

Has rented to college students for $900 per month.ARV estimate : $110,000 (no comps in the area for 12+ months)Repair estimate: $18,000Tax Assessed Value: $82,400I'm planning to get the property under contract for $12,000.