I know there is an existing mortgage, and I'm going to see if any other liens which I'm going to check with the county Monday for estimated amounts. is there anything, like out of the blue, that I should be thinking or considering about?

Hello,I'm interested in getting started with investing in real estate and I'm curious about the accuracy of sites like redfin or zillow - Particularly the info which shows the estimated annual principal, interest, and taxes.

I plan to get 2 more estimates and run new numbers.

(All rough estimates based off comparable properties in the area... and coming from a newbie, myself... so might be less.)THE ISSUEMy father owns the duplex outright with no outstanding mortgage or liens from taxes. 

Don't spend a lot of money putting architectural and structural together until you DO speak with a contractor on the plan and get a rough estimate.

When analyzing a rental and trying to calculate cash flow, how do you estimate utilities and expenses?

The 1stcould have been a fair deal, but it required a significant amount of work and if I was off on the estimate by $10-$15k, I would have overpaid.

The property I’m looking at right now would be bought and rehabbed using HM and with current numbers I do not think the HML would be able to get paid out at the refinance.ARV: 390 rehab: estimated at 110-115k  The seller is asking for 289k but there is no way that would work using the 70% rule. market rents: 1500 each unit since we are looking to add a bedroom in each unit and there’s a bonus unit on the third floor (basically a three unit but wasn’t reported with the town) 

Get some estimates and have conversation with them to see what they recommend. 

A lot of these are ballpark, offhand estimates and I have yet to verify them.I also have an offer to buy the property as is for $170k.