I just factored in the lost revenue from their free stay and extra rent from the studio.

@Jonathan Barby I understand the urge to do the work yourself….but don’t let that determine your market, there are much more important factors. 

I wanted it to be somewhat customizable without allowing "fudge factors" to enter it.

@Bruce Woodruff facts I did because what you and the gentlemen who posted this thread is disturbing someone’s appearance , race , religion shouldn’t play any factor who cares if they have tattoos ???

The monthly cash flow is well over 2,000/month with mortgage, rehab, and miscellaneous expenses factored in.

It’s hard to say what will be required and what might be overlooked.If the property is in rough shape, assume that the landlord knows what’s coming and they don’t want the headache.I’d be looking for a bargain; factor in everything on the report when you complete your home inspection as many of it might need to be fixed for the city.

Another major factor is time.   

I think your right about all of these factors impacting prices. 

Thanks Evan.regarding the $100K/$80K comment, someone asked what the current value is and I am saying between $80 and $100K.I did not include Capex costs because I do not expect them to factor in the next 5 to 10 years on a complete rehab(everything new). 

If you run the numbers (at minimum use the BP calculators) and factor the expenses of rental property you'll learn what COC means.