I can only imagine the conditions.

I can't tell you the technical answer, but I can tell you that I did the exact same thing on a condo that I owned personally.

The property appears to be in good condition.

You need to do some research on these and see exactly what it is you may be getting yourself into.

If the sanitary conditions in your unit are such that it attracts pests of any kind, and it becomes necessary for us to undergo remediation in the building, you will be held financially responsible for reasonable costs thereof, paid as additional rent.This is what I use. 

Being in and out of houses all day, every day give you insight on market conditions and allows you to take a pretty solid guess at ARV before you even run the numbers.We still suffer some of the regular problems though - like finding contractors who will show up on time and stay on budget.I have contacted about a half dozen paving contractors to look at a job at my home.  4 never returned the calls, two showed up and promised estimates. 

I think it depends on the property type, condition, market you’re in, and type of tenants the property gets.

Some of the state questions looked exactly the same as exam smart. 

Just look for a comp that is in similar condition with other similar specs like sqft or missing contingencies etc.

Any grey areas between move in and current condition, I would eat the cost.