I have four in Cleveland from 1930 to 1950 in established nice neighborhoods but I am constantly getting calls on basement issues.

Based on what the previous owner paid, their improvements, & relatively short hold time, I know this is not worth asking so I'd like to get a more concrete way of establishing my own pre improvement value and ARV.Any other ways I could/should be looking at this?

If you expect an influx of utility expense, then adjust pricing.If you're concerned about property usage, then establish clear rules and boundaries, with a method to enforce (without encroaching) and have penalties clearly defined.Best of luck to you.

I have clients in Colorado Springs that fit this description and I'm not going to say they aren't doing what's "best," they're simply doing what they must to establish themselves.I also have clients focused on buying long-term buy and hold investments who are able to get the financing and down payment necessary to consistently grow their portfolio.

@Roy ConneyWhile as others mentioned, establishing and building relationships with investors is absolutely required, there are a few more things you have to do to be able to raise capital down the road.

How do I establish a contract?

Purchase price: $85,000 Cash invested: $20,000 This is a 3 bedroom 1 bath home in an established neighborhood.

There are so many established industry professionals who are willing to share helpful, proven advice; but also the BP resources/tools/podcasts/webinars are always there to help you grow into your business as a rental property owner. 

Talk to some professionals about transferring the property to yourself personally, establishing a lien with the s corp, and then rate term refinancing with favorable conforming loans.

The main point to keep in mind is: the investors will not join a deal just because they see attractive terms, most will join you on your offering because your team has established and maintains strong relationships with these investors.