Ask the local commercial realtors or brokers for the going storefront square footage rents in that area.

A 3 or 4 family, then after a year, do another FHA closer to your work, that is nicer, has more square footage, and more convenient location.

The appraisal was ordered yesterday and I called my lender and asked him to give me the square footage when the report comes in because the people who want to rent the first unit from me (I’ll be living in the second) want to know.He didn’t know it was a two-unit and was proceeding as if I’m buying a single family this whole time.

Here is the situation:13,000 population in entire county of Missouri small townOwner is very motivated, says large lot is included, which house was built on3/1-unfinished bsmt-yard-kitchen furnishedrented consistently $375 monthlyhard to find comps because town has only 3,000 ppl owner said bought it 10 yrs ago for $31,500 and is now asking $25,500...I got price down to $18,000MY QUESTIONS: 1- How do I calculate sq footage and ARV Correctly?

I have noticed there is a pretty wide range in asking prices for near the same sq. footage in the 12st area.

Also, did they add additional capacity to the HVAC to accommodate the extra square footage?

Some don't take the time to find out what the local rental market is like but others apply a uniform rent based on square footage and not taking into account other market influences such as location or amenities.So it pays to ask specific questions about experience, knowledge, licensing, training, and simply to find out if the Realtor is someone you can work with in an atmosphere of mutual respect.

Do I need to measure square footage?

Go learn the finishes, the neighborhoods and the price and square footage.

The square footage was also off by 300 sf.