You could also send a message to owners of potential competitors and ask them questions about occupancy rates in the winter months.Good luck and keep us updated on your progress!

With regards to value after renovations..If you're performing rehab work, include this cost with the purchase price in your initial cap rate calculation.If your increasing the NOI after purchase, update this number once complete.To calculate your post value, you need to know the local market cap rate.

best-case, the sewer has been updated to ABS and tree roots are not a concern. 

Whats the update?

I am in the process of updating the records with the county to ensure a smooth appraisal / refinance.

Since this is my first property, I am interested in either turnkey or a property that needs superficial updates before renting.

Updating Bathrooms and turning sitting rooms into bedrooms.

All of those things can be mitigated by updating electric or plumbing and by supporting the basement with beams or reinforcing sections with newly poured walls.

I'm updating the units as they become available.

Recently received an update from my realtor that several appraisers are passing on the building and 1 in particular even called my realtor and shared information that he shouldn't have, such as: inquiring if there is a relation between myself and the seller, agreed numbers are strong but shared it will not appraise for what I'm paying and to reconsider me being in the deal and use the appraisal as a reason to get out of the deal...really odd and the realtor agreed.My question is, why would appraisers turn down the 4 unit building and why would that particular appraiser share so much and then not be the one to do the job?