I would recommend finding the remaining life for the big items (roof, hvac, etc) and breaking out the cost needed to replace/repair.

While I'm sure this will vary from appraiser to appraiser, I've noticed in my markets that appraisers seem to be more willing to use older comps before they'll extend the radius of their search.I've been in your position before (numerous times) and here's the approach we took (sometimes it worked and sometimes it didn't - just depended on that specific appraiser):If you had multiple offers on the property, make sure the appraiser is made aware. 

I have a total of $10k in closing costs - I believe as an investment property(in the name of my LLC) I can claim all these amounts and deductible over life of loan i.e 30 yrs so 10,000/30 = $333/year - Is that correct? 

The two ways to change a property's value is to alter market behavior or to alter the subject's qualities.

On the other hand, Cuenca is a really peaceful city and it is known as a destination for foreign people to retire since the life cost there is really cheap, even cheaper than Guayaquil.I am learning about real estate and if you have some information about how to invest in RE here in Ecuador that you can share, I will be really grateful. 

Cash - as at this point in my life cash flow is my investment purpose.

Cash - as at this point in my life cash flow is my investment purpose.

We have started to make changes in our life in pursuit of financial independence, cleaning up our finances, educating ourselves, running the numbers, and now just have to pull the trigger on our first deal!

Originally posted by @Tom Gimer:Tom I have been approached numerous times on BP  and other things like Linkden and facebook by faux lenders I go ahead and let them  go through their elevator pitch what they do and those that really don't know what they don't know about the world of lending and finance is they provide things that we know are not germane but the person they are targeting gets impressed by those items..

A good question to ask is do you want to have a financial life and career that look like theirs?