Everyone has great suggestions...I would also suggest "local awareness"...If you are considering a rental strategy, use somethiing like www.rentometer.com, enter the sizes and address and see what THAT neighborhood is renting for.The other thing to do is establish a relationship with an investor friendly Realtor that can run a comparative market analysis for you to establish a resale value.

Completely depends on Location, size and level of finish - if it's in a "W" town near Boston or good school area you will be a lot higher than to would in other areas.

Really you just need to look at similar sized homes with the same bed/bath and see what finishes and floor plans the ones in the top end have.  

You will probably have to talk to several people before you get to the right person any how depending on the size of the bank.

Before that, I served almost 10 years in the US Navy.I have always had an interest in Real Estate investing but just recently decided to learn more.

A 3/3 high rise Condo will run way over a million dollars.You may be better served looking a bit further north at Cape Coral or even as far north as Port Charlotte.

You need to know in your head what a paint job will cost for a certain size home, what flooring is per square foot, what it will cost to replace a bath and a kitchen.

@Ryan White what size multifamily are you looking into?

Choose your investments by who you want to serve, as there are working class, student areas and a few slum lord areas. 

$6k sounds high to me for a roof of that size, regardless if they're tearing off 2 layers, etc.