Properties that are unique in their neighborhood are notoriously difficult to calculate for accurate investment value.Do you want to be left stranded, committed to buy at a price the Seller already thinks is the best net-price they can get, and you would be gambling it wasn't?

I know that investors and lenders are supposed to be a unique breed that can look beyond the muck and mire and see the gem that a deal is supposed to be, but the truth is that sometimes we are as "blinded" by the mess 💩 and miss the gem.  

And the absorption rate ranges between 35% and 50%.  

If the epoxy fails, and I hope it does not, one solution is the range of "3D" subfloors that exist.  

Keep in mind, though, that these were for buy-and-hold properties, and I'm not sure how well-versed they are in the unique closing procedures that wholesalers like to use, but it's worth giving them a call.

The behavior of the tenant and friend are uncalled for, but don't get sucked into an argument with any tenant.Don't get a gun unless you absolutely know how to handle it and go to a range and continue to practice. 

Another method is physically going to properties on the market in your area and look at them, look to the basic concept of "DUST" in the real estate, after about 50 homes in a band of price ranges, you'll be able to guess, it might take 100.Too bad newbies don't have a "Blue Book" for real estate, wouldn't that be great......Oh, that's a 2006 model Harrison Built in Oak Hills, zip code 65606, ah, it says here the 3/2/2 is worth, in good condition, $212,500.00 !  

Any guesses at a cost range would you be looking at to build a single garage with a loft above to rent out?  

The old rule of thumb was that a prospective borrower could get a mortgage of about three times (2.8-3.6) times gross household income at interest rates in the 6-8% range.

One thing that I do uniquely at the end of each walk, is ask the investor how much budget they are willing to spend, by taking that number, we could walk the site again and give them a list of what we could do with that budget.