A couple questions I have now after talking to some of the leads pertain to actually making an offer on the property.First: When trying to estimate the costs is it anywhere near possible to estimate without actually going into the property?

is it worth buying a duplex with two bedrooms in each for 56000 but it's pretty ugly i estimate the cost to fix it would be about 20000 minimum, and it has a great location, I could rent it out for about 600- 650 a month once it's been remodel

Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookYou might consider Niche or Specialized Housing like student housing.

Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookDownload BP’s newest book here some good due diligence in Chapter 10.

He happened to be at a time in his career that he was not interested in growing but maintaining his accumulated wealth and enjoyed being a realtor.

A look at cap rate and gross rent multiplier to see which is the better way to estimate rental property value and measure financial performance...Financial Leverage Financial leverage explained and how it can impact a real estate investor's returns and profitability...How Financial Leverage Impacts Real Estate Investors The impact positive leverage, neutral leverage and negative leverage have on the yield a real estate investor collects as a result of financial leverage...IRR, MIRR and FMRR The formulations for internal rate of return, modified internal rate of return, and financial management rate of return...Scenario Analysis The scenario analysis is explained so you know how to use it to benefit your next investment real estate evaluation...Sensitivity Analysis Changing one variable at a time over a possible range of outcomes in order to evaluate the effect of that change...ReportsThe Comparative Market Analysis How to correctly create a comparative market analysis that you can use to effectively estimate rental property value...The Proforma Income Statement Learn the what, why, and how about the proforma income statement and it's popularity with real estate investors...Why Real Estate Investors Like The APOD Discover why the APOD is used by real estate investors to examine the annual property operating data of potential real estate investment properties... or watch the video.General4 Contingencies Your Offer to Purchase Rental Property Should Include Contingency clauses common to commercial and residential income property that protect investors who submit an offer to purchase investment real estate...Are You Profiting from Your Property's Highest and Best Use?

I would buy it, finish the attic space, refi it once complete and buy a rental. how much do you estimate to finish the attic space?

Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookYou might consider Niche or Specialized Housing like student housing.

The accumulated lien is 17K currently, with the prospect once the property is completed it gets settled for around 6500K.

Many new investors pay a lot of money for guru courses and still struggle with estimating repairs.