Sure, put in the money it takes to keep the place running day by day (i.e. operating expenses), but avoid major capital upgrades until you have title.In the end, it's going to be the Buyer's responsibility to list the risks, assess the likelihood, and take reasonable preventative measures.  

It includes, among other things, a comprehensive map of the Cleveland area, grading each area from A+ down to F, using a consistent, objective and transparent methodology using publicly available data.

That way you get their eyes and systems assessing the deal and you learn why it is or isn't worth doing without risking any of your own money.Alternatively partner up with someone who is looking to do a flip and offer to help them for free.  

I'm running into a catch 22 where I can't determine my ARV because I don't know what my CAP rate will be and I can't assess my CAP rate because I don't know what my ARV will be. 

Basically the bank has the property inspected and value assessed. 

I’d also like to mention I’m assessing these as bringing “hustle” into a deal.

I do have a friend that will take me on, but I first wanted to assess options.Thanks in advance,Brad.

Need assessment and treatment.

Should I buy the house based on tax assessment or based on potential rents as this property is currently vacant

It includes, among other things, a comprehensive map of the Cleveland area, grading each area from A+ down to F, using a consistent, objective and transparent methodology using publicly available data.