HUD and appraisers will always make adjustments on rent comps but I have never met a tenant that said they would pay $10 more for a stainless sink or any other amenity.

I understand that this is a capital intensive business, but in the boom time market like we are in, these people can't get financing?

Notes are a good asset class for those who want a simpler, less time-intensive approach.  

b) Capital Reserves: You should also include a capital reserve, $300/unit is typical for a 1970's-1980's property depending on when it was last renovated.c) Real Estate Taxes: Check the current assessment at the tax appraisal website and make sure to use at least 75% of your purchase price when calculating future real estate taxesAfter making these adjustments, you can figure out the correct NOI and thus the correct cap rate.

If the SFRs are in different types of neighborhoods or different types of houses, you need to adjust accordingly for the changes to achieve an accurate value.

.- Fix the remainder of the damaged exterior window trims- Some touch up painting- Install door bells- Put on house numbers- Replace bit of shingles on top of bay windows by kitchenInterior:- Drywall patching/painting on ceilings and walls- Remainder of cabinets- Flooring for upstairs- Install all new light fixtures- Install new doors for upstairs- Replace/match base trim where adjustments had been made- New door knobs- Curtain rods & curtains- Removal of carpet in living room (kept there for now as it's protecting the HW floor underneath)- Lots of cleaningThere was someone who flew into Milwaukee from California this week and yesterday I took them on a tour of this house. 

I grew up in section 8 housing and from my experiences, I can tell you that even though its for-sure money, and the government pays for most (if not all) of the rent, it also means that it will be a more manage-intensive property.

This is the same building where I had tons of water leaking at the meter, replaced the line, and got a credit back on my water bill.The high tax bill is from a $1348.38 "sewer service" fee.I called the office and they said if I send the receipt they would adjust the bill within a week or 2.

Also, it would be more time intensive, something I am sorely lacking. 

The leads are definitely very motivated and are looking for any help they can find.I've been wholesaling about 2 years now and will say that the probate deals we've done have been the most time intensive.