So these three terms are all interrelated; Market Value, After Repair Value, and Appraised Value. 

However, if you keep these for any length of time (20 years) there will be numerous repairs potentially.  

There aren't many 2 car garages in the area that are this usable (some are mostly unusable).Initial Repairs: $7-10k (mainly new paint, carpet, lower cabinets in the kitchen, glass block in basement and upstairs bathroom, updating bathroom)Expected Rent: $700/mo (probably doing Section 8)Expenses = $310/mo (based on items below).10% Property Management: $70/mo10% repairs/maintenance: $70/moRE Taxes: $35/moInsurance: $57/mo10% Cap X: $70/moI've used different real estate calculators but since they ask for the information differently I seem to be getting different numbers for my cash on cash returns and cash flow.

His quotes for a new water line to the city main are running $12k without any other repairs.

Problems I forsee outsourcing:I would find it difficult for a bookkeeper to know which properties to expense repairs for unless they already know my system. 

Good Afternoon PA Investors,I am a new investor and am looking for a good handyman or handywoman with a good reputation who can perform as-needed maintenance/repair tasks for single and small multi-family properties (1-4 units) in Southeastern Pennsylvania.  

As a buyer, almost every deal presented to me the ARV (after repair value) was over inflated, and the repair numbers were under estimated.Welcome to BP!

They will often be between 50 to 60% when roof, windows, water heaters, heating and air,etc. starts reaching end of life expectancy and has to be repaired to extend shelf life or fully replaced.Many times some brokers do a ( if buyers don't ask then don't tell ) kind of thing to get stuff closed and make their money.

I would also like additional capital to -Fix up that home (instead of me paying for the repairs/upgrades over time)Invest in stocks, (As I've been learning/studying for over a year now, making small amounts here and there as a trader) Potential upgrades for my business (me and my family run a successful auto body and paint shop)Because of my good credit (almost 800) I feel like some type of bank/company/individual must be out there willing to work with me!

The building does have quest water lines that are all behind drywall except when they connect to fixtures and appliances.It would be expensive to repipe this as a lot of drywall would have to be cut and then repaired.I know it's a risk to wait for a leak to start and then to repair just that section.I'm getting an ok buy price and the seller won't go any lower.