I'd also wonder what the costs were estimated to install things like insulation, kitchenette, removing/adding doors, etc would cost and how fast you could make up the initial investment in rents.Then of course you'd have to consider if your family will be able to handle giving up the storage space LOL

I've estimated the full market value of the property to be around $80,000, conservatively.

.$400K ARV $260K LTV (65%)- $100K Rehab estimate - $10K to $15K Holding and Closing costs (estimate)= $145K to $150K Offer price 

Our company uses this as one approach to get an estimate for rent.

I have set up social media accounts, mass emails, and hand out my card every chance I get.

But if your $15K rehab estimate is anywhere close, it doesn't sound too bad. 

Its multiple live workshops, field work, some programs that look amazing for assessing value of a house quickly, estimating rehab cost, printing an exact material and work list for a GC, marketing campaigns, etc etc, etc, etc.

I didn't have a chance to meet other landlords yet.

I could settle for a bit higher, but estimate the market val of the properties and 70% LTV requirement would give me loans around 40k +\-Property location is Indy.Loans made to LLC which owns the properties, but I will personally guarantee.

In such a short amount of time I've developed a passion for the business and love spending every chance I get to learn.