If you called them on the phone and they gave you that number, there's nothing wrong with that because they are giving you a rough guideline on what you can figure if you are rehabbing a total basket case, and they have no idea what finishes and timeline you want to work with. 

The climate is rapidly changing, full time agents are becoming more and more self sufficient, however, very relying on technology.  

Conservative investors that pay down mortgages at best garner a 3-4% return on total investment.

You may qualify for the small taxpayer safe harbor depending upon the property basis and your total repairs and improvements on the property.

These are the going rents:4bedroom- $1,1004bedroom $1,1003bedroom $9002bedroom$800Projected Total gross rents $3,900 x 12= $46,800MY PROPOSED DEAL STRUCTURE...I need to deed!  

I wouldn't rely on the news to get it right.

The house is a wreck, but also totally salvageable. 

The forecast result is a projection for annual total sales increase (total 2018 existing-home sales vs. 2017) and annual median price increase (2018 median existing-home sales price vs. 2017).

Those requirements are: Reserves savings over 10%, No litigation, no one party owns more than 10% of the total units, low renter and high owner concentration, and sufficient insurance.

Small things like better appliances (usually only about $1000 more total), higher end drawer pulls on cabinets, etc.