You will need to click on my name then the video with the judge graphic for 2:59 minutes is the one we showed in committee yesterday. 

Thanks for the detail on lessons learned, I will keep in mind not paying contractors ahead of time.

Thanks in advance for clicking into this.

. $500/month on the property, and give us the new capital to use with other investments (we're looking at passive, multifamily syndications).In my mind, this all makes sense and we're ready to go full steam ahead...but the fear of the first time is a real thing...so basically we're just looking for affirmation that it's all going to be ok, haha.I appreciate any insight, help, downfalls, or reassurance that you can offer. 

We will go ahead and allow the word "Value" to be used as though it was some real accounting figure for a second, but even if we did not, "Value" and "Cost" are not related. 

You are so much ahead just thinking about it! 

Here's a high-level look at some of the preliminary numbers:Offer price: $53,500Purchase closing costs: $1,200Rehab estimate: $25,000Estimated holding costs: $2,000ARV: $105,000-110,000Target 75% cash-out amount: $79,000 - $82,500As you can see, the numbers looked pretty good up front and it looked like we would be pretty close to breaking even on the project after the cash-out refi, so we went ahead with the purchase.

First, because of your musical background, you're already light years ahead of many experienced investors. 

@Jaysen MedhurstI went ahead and contacted the commercial loan officer at my bank and unfortunately because of the virus he said that the bank is not at all interested in multi family.

Hello Lovely and Helpful BiggerPockets Community,I'm currently looking to nail down my process (website by website, click by click) on analyzing Comps of a subject property so I can get an educated estimated ARV.Can anyone share their process or perhaps point me to an educational video on the best way to go about this?