Assessed value has nothing to do with market value or what you should pay.You are buying this property based off the income approach as an investment but generally single family properties use the comparable sales approach for valuation,lending,and appraisal purposes.Local recent sold comps would be a better gauge for current market value than looking at any assessment value.Now you do want to look at assessed value for property taxes.Fighting the property taxes and getting them reduced will improve your yearly bottom line.Make sure the cash flow of the property they are reporting does not include exemptions that do not apply to you or they have been putting off capital costs and maintenance to show and INFLATED NOI.

I am trying to figure on costs of rehab as well as what to offer on home - ( I would reside in Home there after as owner occupant ) it needs the following from what i can see.. x2 for two floors/ apts- 43 replacement windows- 43 Square of Roof- a Rather Large Tree Limbs Hanging over roof cut- 4 Exterior Doors with storm doors- 6 Exterior doors with no storm doors- Raise Porch Rails to code ( another ft or so ) Porch in front is 50 ft & rear Porches 30 ft- Fix Front wooden stairs @ 5-6 ft wide- Fix Water entering basement thru Bull Ked ( add a drain or pour concrete )- Pour Concrete in Three car garage floor ( is dirt now )- Needs Heating & Hot water, and baseboard heat up two floors ( two new furnaces and FHW baseboard brought up two stories )- Electrical service upgrade from 60 amps old knob and tub to breakers and also bring up two floors adding new elec service in whole building adding plugs in all rooms plus washer and dryer hookups - 2 Panels, and move it to outside from basement..- New sub floors in Kitchens where needed , and then Linoleum floors in kitchen- Total Cleanout 3-4 Roll Off Dumpsters for left behind junk- Linoleum in pantry 4x8- 2 Bathrooms - Needs new linoleum and 1 needs Sub floor- Bathroom walls - rip off old plastic tile in one and make drywall and paint - Ba 2 Needs Rip off wall paper and skim and paint2 - Living room Kitchen & (2) Dining Room and 3 (6)Bed rooms Refinish Hardwood floors on ea floor so x22- Living rooms, kitchen and dining rooms, remove wall paper and skim coat, and paint all walls and ceilings2 - Living Rooms and windows remove all trim and replace with new and paint ( lead Paint )2 - Repair Bathroom Ceilings and Pantry Ceilings and then paint6 Bedrooms Fix Drywall, paint walls and ceilings2 Bathrooms install bathtub wall panels2 - Install Kitchen Cabinets , and countertops, and Sink in both pantrys2- Install Dishwashers including pipe, drains and elec in two pantries2 - Over stove - More cabinets in Kitchen @ 6 ft top and bottom with countertops2 Install washer and dryer hookups after bringing power to locationApprox 150-200 ft of Asbestos removal in basementalso what is the lead time to do all this..?

Here is a first cut:East Austin Development CapitalizationIf anyone knows of weaknesses with this approach or a better way to do things I would love to learn about your experience.

Since you have access to financing without using a mortgage, you might find real value in these approaches.

Your approach is too difficult and it is like trying to play cards in the dark, There are a lot more ways to invest using lease options then spending so much time researching properties that may not work.I would recommend sending emails to sellers and advertising as the are many free ways to advertise for sellers, don't spend a lot of time thinking about the property as there will be plenty of time to do the math after you have a potential seller who is interested in a lease option.

We all have a circle of potential lenders/acquaintances that we could tap, without the hassle (or outright impossibility) of dealing with banks.What approach has worked for you, and what terms.

It is a term an appraiser would use should a property be brought to current standards.

I've only brought an engineer in on 1 deal ever, and that is because the guy I was wholesaling the deal to started to flake out when he saw the cracks in the foundation.

Seems like this is something important to you Josh this topic is being brought to the table again.1.

I have just purchased 2 properties with this agent (and her company) and now they want to charge me for putting my property on MLS.So, my question is this: Should I approach my agent and say something like this,"I would greatly appreciate if you would put my property on MLS free of charge.