I was trying to find a fair price property that was able to produce 1% of the value by renting it.

To evaluate investment prospects, including positive cash flow, potential for appreciation, and value-added upgrades, do a full property study.5.

So if I am analyzing buy and hold, I go to the rental sheet and plug in values.

Depending on your AS IS and ARV Value, you may be able to cash out on some equity to start the work. 

Let's say the appraisal comes in at a good value after repairs/renovations, should I refinance? 

Needs complete rehab ceiling is showing mold in living room and room kitchen cabinets has to be more updated flooring needs redone painting outside and in bathroom needs to be updated the property value is estimated 401k highest 437,090 rent in area I seen 2600 lowest highest being 2750 a contractor roughly estimated told me I’m looking at 134k

I am not sure how much value to place on the max interest rate and the “size” of the bank.

Some investors / flippers of very inexpensive vacant land do self-close, where the cost to close with a title company (most often requiring that you purchase title insurance, which comes with a minimum cost just for issuing a policy) approaches or exceeds the monetary value of the land. 

Purchased in  2013 $650, Current value $1.3 M.

How did you add value to the deal?