What I'd suggest is you figure out what the property is worth (use a variety of sites to help) and adjust based on the condition of the home, then fill out a contract and hand it to them. ps- be sure to leave a little negotiating room in the offer.Good luck!

We found the renter this week, he filled out the application, and his back ground check and credit check all came in good.Here are the numbers:Total cost including repairs 77kRent $1750Interest payments to the private money lender until the property gets a long term loan $583Taxes and insurance around $150Maintenance/repairs budgeted $100Vacancy/turnover $150Monthly cash flow $767ROI 767 x 12 / 7000 = 131% per yearMortgage on long term loan for 70k at 5.25% for 20 years $472.ROI with long term mortgage 150% per year.ARV - because it is a pretty unique property it is hard to find comparables, but making some adjustments from other properties in the same area, I would put the value at about 195k as is.Please let me know your questions or comments.

@Justin Shelton I wouldnt have it run down looking or anything like that on the exterior but the cost to landscape versus the dollar return on the appraisal, it typically isnt worth it BUT if you have very bad curb appeal in comparison to the other homes around you, they can make an adjustment.

In my market, the appraiser will use lowest sold RE and will make ridiculous adjustments.

One thing to note - if you package all 3 properties into one loan then any time you want to sell you'll have to have the other properties appraised and the loan amount adjusted. 

What are you seeing so I can compare and adjust if necessary?

I hired a public adjuster immediately.

I feel I need to use the other two for current listings so I can get a feel on finish level differences to adjust accordingly.

If you go that route, make sure to adjust your holding costs as it will likely take you longer to do those tasks than a contractor.

I had to pull off the road at least 8 times to stretch and adjust my braces.