Maximizing the number of beds is also key, so if you can find ways to add extra bedrooms it will pay off greatly down the road. 

And people don't really understand the particulars, so it's turned into this huge scary thing where the average overprotective soccer mom is convinced the asbestos monster is going to crawl out from under her kid's bed and kill him in his sleep.The two main places it was used in our area are in siding and in popcorn ceilings.

It is a 4 bed, 2 bath, 1984 sq ft, and it's only $28,900.

Both built in 1980, both 3 bed, 2 bath, 2 car garage, 1200 square feet.

And for estate reason, if he leaves the property to me, and he personally owns it, it's capital tax free based on the stepped up basis at death.

Team,I'm looking at an 8plex currently in Minneapolis... 4 x 2-beds, 4 x 1 beds... 

Shortly after, my mother's death we went to a local attorney and all sibling agreed to have  a deed drawn up giving one of my brothers a life estate in the property.

I look for the closest matches on sq ft, beds, baths, etc., how close to the prop you are valuing. write down 6 or so if possible, don't count the highest and lowest, add up what's left and divide by that # to come up with an average price per sq ftlAlso need to look close at ones that have been fixed up, difinitely not a cut and dry process, but another tool.

I realize these have been beaten to death on this forum so I'm not here to bring this debat back to life but do have a question.I don't think it's possible to follow the 50% rule if you don't buy a property that isn't completely run down and in need of huge repairs.

The rent in the area for a 3 bed 1.5 baths and two car garage is about $800-$1000 a mth.Half bath------------------$500Full bath-- ---------------$700Kitchen w/applicances--$3500Hardwood resufacing---$400Exterior--------------------$200A/C-------------------------$2500These are ruff estimates..