This is more of a exercise at this point. but i am still going through the motions. originally site unseen i had a 45000 rehab based on pictures, i had a contractor friend of mine  look at the place and a rotten sub floor on the upstairs unit from a leaking roof brought rehab up to 80,000.

@Nathan Wait residential appraisals use sales comparison approach for values.

I'm wondering if others could share their approach when starting out, particularly those that aren't (or weren't) outright pros (e.g. 4-15 doors), not necessarily working in real estate full-time and  seeking a modest passive income.

Real Estate Agent brought to our attention.

I-575 just now is approaching 100k vehicles a day and 75 going into Atlanta about 165,000.

The best approach is to find someone who is local to you and do a Joint Venture for the first project.

Hello all,I have recently been approached by family members as my business starts to grow about them lending money to me. 

At our company we like our clients to be involved as much as they want to be with the expectation of trust in our expertise for certain operational factors.Also, if the turnkey company has well-established policies in place for leasing, resident on-boarding, standardization of renovation approach (replacing capex items first and foremost), and property management, then they could be a good option for investors.Also, look to see if they have warranties in place to cover the renovations they have completed on the property.

. -- I typically have the property under contract, and thus approach the conversation from a position where there is a strong possibility of a working relationship.  

My broker brought me a deal for a Tri-Plex , I’m wondering if you all think it’s worth pursuing.Here’s the breakdown.Purchase = 200kRehab = 20k2 units rent would bring in $750ea1 larger unit would bring in $1000Not a lot of property maintenance in terms of landscape.Estimate on Water, trash would be $200Estimating 5% vacancy costI would not be using a property management company to start.The ARV would be apt 300k.Thoughts on this deal?