But your cost of living estimate?

$113,000 - $120k estimated ARV based on comps.

Obviously this will vary a little based off of the area but should be much less variation then using the 2% rule to estimate.

Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookConsider checking out HUD homes for small multi's owner occupied gets first crack.

I’m a bit overwhelmed by estimating numbers for landlord-paid expenses (especially CapEx!)

Currently saving up some money to put toward an investment, I have been looking into rental properties for the most part, duplexes-quadruplexes.Since I am new to all of this, when I go to look at a property that I am interested in, will the realtor be able to tell me estimated repair cost, and ARV of the property, or should I bring a subcontractor to help me estimate the repair costs?

I own a property in NC with an estimated value of 55k.  

Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookDownload BP’s newest book here some good due diligence in Chapter 10.

Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookConsider checking out HUD homes for small multi's owner occupied gets first crack.Download BP’s newest book here some good due diligence in Chapter 10.

It would be a lot more exciting to keep accumulating properties with cashflow from your other properties.