@Ryan Koehler - What facts are you basing your opinion on?

Not worth it in my opinion.

I would always caution against forming a judgement based on a single report, source, or opinion.  

I’m writing to find out from seasoned investors about there opinion.

I would appreciate honest opinions and options of how to enhance my situation while keeping a family balance because we also have two young children.

I’m writing to find out from seasoned investors about there opinion.

I would get an opinion from a real estate attorney. 

Not worth it in my opinion. 

@Joaquin Arizpe Every appraiser is going to have a different subjective opinion on the value of the house.

Hi all, would like to hear your opinion on this deal:- Irvington NJ, at the southeast part- 4 family, didn't see the place yet, owner says it's in "ok" condition meaning no fixing required yet. all units are month to monthINCOME: 3br ($1250) + 3*2br ($1050 each) = $42,800EXPENSES (rounded):Tax - $10,000insurance - $3,000water / sewer - $800common electric - $500heating and electric are seperatedmy additions:super - $2,000maintenance 5% - 2640vacancies 5% - 2640management 10% - 5280TOTAL -  $26,860NOI = $25,940 How much CAP would you assume for this deal to determine the offer (let's say it needs 15K in update)?