An appraiser will have a multiplier (the Market Cap Rate - specific to the area and condition of the property) he will apply to the NOI to determine a value for the property.

Great guy and has been working consistently in Hagerstown for at least a decade. 

The group in front of me consisted of 15 people representing one company and represented 300 out of the 1455 bidders.Once the sale started the treasurer randomly selected a bidnumber out of a hat to start with, today it was 847.

If you consistently make the wrong decisions in your life and have a history of failure, then I would quit right now!

Post cards have dismal results but the numbers are consistent.

Fraud consists of some deceitful practice or willful device, resorted to with intent to deprive another of his rightin some manner to do him an injury.

so if i am really bad with estimating repair costs, could i just do a 1400 sq ft house and multiply it by $40?

If the house is rectangular, measure the length and width, add them together, multiply by 2 and then multiply by the approximate price range I gave.That is for a perimeter French drain system; as others have pointed out, placing a sump in the middle of the floor is not the way to do it, putting the sump in the corner gives you usable floor space in the middle of the basement where it is most useful.  

There are an abundance of moving parts to any successful endeavor, and like anything else, it also requires consistency and a great deal of hustle.  

Ask these questions to enough property managers and you’ll see some consistency in the answers.