Hello Omaha members,I just bought the book "The Book on Estimating Rehab Costs" and hoping to learn as much as possible about getting the numbers right for a property.

Actually, they just looked at sales comps and gave me $6k more on the HELOC then I originally had estimated.

I have included a link to a comparable property on Zillow for reference.https://www.zillow.com/homes/recently_sold/36559840_zpid/39.28452,-76.564461,39.282762,-76.567345_rect/18_zm/Property Details:3 bed 1 1/2 Bath2,791 SF1,402 LotYear Built 1920Property Type : SFRTax Assessment - 227,000

@Kim Heinrich your profile is sparse and there is no detail here on what you are trying to accomplish.

not enough detail to answer your question.  

I unfortunately was not afforded an opportunity at a younger age to be exposed to the power of passive income, passive income vehicles, compound interest, and a detailed planning for the future.

PM'me if you want details about our SA investing/search and other info.

It's a hot market and that will be your first big challenge.Once you have your first property under contract, that's when you can start putting together financing details.

having a difficult time using both the brrrr and fix and flip calculator because i intend to live in the property for 1 year so not a rehab. these calculators seem to assume i won't live in the property. based on the factors below, i'm hoping someone can poke holes.arv=270krepair=my father who is a general contractor is overestimating at 35k (it's definitely livable, but there's opportunity to upgrade/update such as the roof, floors, cabinets). i'd live there for a year and plan to either flip or rent after the year.annual expected property tax=$7.5klisted price is around $235k ($/sq ft is below comp average)comps within the past year for similar properties around $260-$280kpreferred profit (not too sure about this) but $20k is a target...i guess.estimated rental based on recent is $1.8-1.85k/monthi was thinking about offering $210k max, but the calculators recommended an estimated purchase offer between $160-$175k, which seems extremely low given the livable condition.what am i calculating wrong here? 

I would be happy to speak with you in more detail if you would like.