@Alec DresslerYou’re on the right track using tools like AirDNA, but for better data, consider the paid version or platforms like Mashvisor for detailed rental analytics.

Can we go over the details? 

These methods include: Detailed Engineering Cost ApproachDetailed Engineering Cost Estimate ApproachSurvey or Letter ApproachResidual Estimation ApproachSampling or Modeling ApproachExperience or “Rule of Thumb” ApproachIt’s important to understand the differences between the approaches including which one best fits your property and the reliability of each approach.DETAILED ENGINEERING COST APPROACHThis approach compiles the costs from construction and accounting reports to build a report.

Quote from @Anderson Banegas Cerrato: Scott, appreciate the detailed response!

.: With all of the great recommendations, you would think somebody would’ve included a link or at least gave a price with a few more details.

Points and loan details are TBD still as we're just getting the tentative process down on paper as we wade into the details. 

Feel free to PM me if you’d like to discuss any in further detail.

If you want more information, p.m. me and I can give you a lot more details.

I answered this question in detail in another thread. 

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!