Once you've done that, you won't need a realtor to give you comps and you'll have a MUCH more accurate knowledge of values in your area than getting comps from an agent.Good Luck,Mike

Reading the book Flip they have a rule of thumb chart for quickly estimating the cost per SQFT of rehabbing or remodeling a home.Here is how they chart it.Standard finish rehab - $15Designer finish rehab - $18Standard finish remodel - $25Designer finish remodel - $30Is this accurate or something anyone here uses for a quick idea of whether a property is worth further pursuing?

Hopefully, it will all come through on here copied/pasted.Property Value Attestation for __________________.Date: _________________Subject: Evidence to support the decrease in taxable property value for ____________________ Parcel number _______________.To Whom It May Concern:I am respectfully requesting your consideration of reducing the taxable value of above stated home to reflect a more accurate true market; therefore, tax value of the property.

The published numbers are usually not accurate in terms of considering all the operating costs and at 92% occupancy, there is no a lot of room to improve in terms of increasing NOI.

One more thing I want to point out is that Scott's success rate above is accurate and seems to be a pretty typical response rate.

I don't care where I obtain my info, as long as it is accurate, and backed up with traceable facts.

Pulling this data from about a year ago and my memory isn't known for being that accurate.

When you insure a large multi unit property, you often have a coinsurance agreement where you are required to give a value of the property that is 80-100% accurate in the REPLACEMENT value of the property.

I've found it to be pretty accurate with the rentals I have.However this should just be the start of your analysis.

First thing is obvious legal advice needed on your entity structuring I.E managing LLC to manage your operation.I agree with your statement on assigning the % of beneficial interest to your LLC which does provide a good degree of asset protection ( no legal advice intended just my suggestion) since I work with land trusts and that is the preferred way to do this and you are effectively "layering" out any potential liabilities that is why land trusts and LLC or C corporations compliment each other so well.It is better to do this when the trust is created then to have to go back and do it just cleaner that way.In how we work with land trusts we use a corporate 503 (c) trustee corporation, who does all the trust administration so a management company really can not be used since it could invalidate your trust since the trustee performs a free collection service as well in their duties to the trusts beneficiaries.I would IMHO, separate an LLC to do the collections or use another licensed bonded company.The replies seem to be great advice since you would not wish to be commingling assets and you would want accurate management of your properties.Typically in a trust the tax burden falls to the trust beneficiaries and if you have a professional trustee you should have all tax statement from him on the payments received for tax purposes..Your estate planning or RE attorney should be able to structure for you a viable solution based on your tax structure since that is involved.Good luck to you..