You would have to do the numbers to be more accurate.

in fact, most banks will require this to fund the deal for your buyers if you decide to flip, so you'll be effectively limiting your pool of buyers to cash buyers if you only own the building for a few months..just something to consider besides the obvious questions like, "are you sure of the ARV and are the repair costs accurate?"

It would be nice to say that I can 3X the costs listed here and project the same work for 15k but it doesn’t sound accurate but I’m not the professional.

I read 70-90% of the listing price and it varies from region to region.. therefore a more accurate number will be very helpful..both of the properties have been on market for over a month and both have reduced price once 10%.Many thanks.

How does one go about creating one accurately with zero rehab experience?

[EDITED]Here is some accurate information to educate yourself on:http://www.indydt.com/revitalizationbackgrounder.cfm?

That list will be more accurate as not every flip ends up on MLS.

My question is how do I accurately estimate rents for rental property for a particular area so that I am neither undercharging or overcharing.

I think the reason it makes sense is because a balance sheet (1) is supposed to be accurate as of the date it's prepared, not taking into account the future, and (2) is prepared for the purpose of saying, "OK, if we had to liquidate everything today and convert it to cash, what would we be left with?"

Make the owner/seller/realtor PROVE that figure is accurate ... otherwise assume it is $0For 8 units, laundry income of $24 per month is more likely.