You may want to call a lender or two and understand how they would estimate the value as you may get a different value based on the approach.

This approach also allows you to benefit if prices continue to accelerate over the next few years.

@Bruce Lynn looking for a consultation on establishing LLC and how to approach JVs contracts to flip houses.

Best of luck to him and his approach, I do not recommend it.

Ok, so I had an extremely motivated seller approach me about buying their property.

This is not technically correct, but the most practical approach is ATM.

Some providers take the approach that a furnace or water heater with several years of expected life shouldn't be replaced in the rehab, but that the final product should be priced accordingly.

Would love to chat with you more about your approach.  

If approached correctly (hand picking those with the greatest potential for STR cash flow improvement + best current as-is cash flow), Sedona SFH's between $1M - $2M are yielding gross monthly income at approx. 1%-1.5% of purchase price + renovation, especially after reasonable improvements (Some are completely turn-key but have higher cost, some need $50k - $200k).And I agree with another post that in most areas, this is not attainable anymore.

So… I need to hear how you creative minds would approach this situation to maximize my equity.