Residential properties are not encumbered by long term leases so it is easier and more accurate to utilize sales comps.  

But thanks to you great people, I'll be much better prepared to analyze the next one more effectively and accurately.

How accurate is the repair estimate, ARV and how did you get them?

He will be more knowledgeable than I am on your rights and best approach to collect damages.I should not recommend this and it has some risk (but probably worth the gamble) but if your system fails you could try what the person that sold me the property did and try to ignore the demand to hook to sewer and hope the city never checks. 

I am pretty sure it would not even cash flow at 5% ($7,000 down).Now if you thought it would double in price in the next three years, that's a different story, but not one I would gamble on. 

I'd let him be someone else's gamble. 

I think it's probably pretty accurate though.

We can't read your tax bill, so we can answer your question accurately.  

I agree its a bit annoying not to get the most accurate picture every month.

Willowick is a little out of my area of expertise so I don't know if the rent quote is accurate or not.I would not attempt to sell while a tenant is in there.