Each method serves a different purpose; hammer for nails, screwdriver for screws.Most of the time it's enough for smaller deals to figure the cash on cash returns.

There are other methods beside small claims, but small claims is one of them.  

@Rob Buffington Being that it's less than 5 units, an appraiser is going to use the comparative method rather than the income approach so you need to get some good market comps.

method=showPopup&faqId=1-6KT-879

I viewed a house today with some serious sub-flooring issues.The house is built up off the ground and the plinths underneath are clearly collapsing.The tile floor inside is still in good condition but the floors slope up and down.Can anyone give an idea about methods and cost for fixing this?

I've seen so many newbie investors end up buying land that is unbuildable only to have sell it later at a steep discount once they realize they can't even afford to keep up with the taxes needed to keep the land.For future readers, one common way to evaluate and price land is through the Land Residual Method, which is pretty much a simply formula:Land Value = Developed Value (highest and best use after development) - Cost of DevelopmentIt requires a little work on the agent's part to dig into what the costs and potential developed value will be, but I wouldn't consider it rocket science.

This is a much simpler method.  

I am looking to BRRRR 2-4 houses, probably in Mott Haven over the next 2 years.

It's not a foolproof method of evaluating neighborhoods, but it's a place to start.

I mean, I know, at least initially, my credit is what matters, but I'm asking about methods to build business credit.So like I asked before, if I sold my house to an LLC, then rented from that LLC, wouldn't that be in part, building business credit for the LLC?