You might be looking at $50k and possibly higher rehab costs.It's a plex, so it goes by comparable sales.... the rents etc only matter for you in terms of whether it's worth it or not.

I would use the answer to this question in comparison to other realtor's answers to see if you get better value elsewhere.Test your realtor: What comps have sold recently and how do they compare to your property?  

For residential investment properties most banks lend 70% LTV, and you can typically get the 15-30 year range, along with market interest rates (compared to hard money, which charge points and higher rates).

Hey BP fam. How should we determine ARV on a property that's in a nice area of Macon, GA with no similar comps nearby? The house we have under contract is 5 bedrooms/3.5 baths with 3 levels, on a 17,000 sq ft lot. How...

If you want them I would get quotes from others in the area and compare that to your 7000 dollar estimate form your builder.

If they don't want to use the comparative sales method, then can you use your NOI?

We know we are in a desirable school district and we believe we can price our house compared to other properties on Zillow and pulling the sale records from the county in our area.

It is a thought market and we definitely know now why everyone thought it was so cheap compared to the west coast.

Compare them wisely and then make a decision.

There are many ways to look at it, I reckon.