So Market Value is what houses are worth in the neighborhood versus Comps being based off the most recent sold property similar to yours?

What neighborhoods/areas did you chose? 

There is some updates that need to be taken care of like flooring and paint to get top value based on other sales in the neighborhood in the 170-175k range. 

You can buy small SFHs in decent (but not the greatest) neighborhoods that need a little TLC between 50-60K and really good neighborhoods between $70-100K.

Client had his mother co-sign which opened us up to all the pricier neighborhoods and we got him in a nice property. 

What is your price point and in what neighborhood in the city is it?

Long story short - I have a neighborhood that I bought out of bankruptcy 3 years ago.  

10k sounds right on the money for a 1600 square foot house HVAC + Roof (4000 for a 4 ton unit 6000 for roof)Paint would be around 4k, kitchen around 7k, 2 bathrooms 5k, flooring 5k, fixtures/demo/lighting/etc another 5kYou're more like 35k for rehab unless he's literally doing everything himself to save on labor costs75k + 35k rehab = 110k all in / 140k = 78% ARV minus repairs dealIf it were in Phoenix and you had solid comps in a conforming neighborhood I think it would be a good deal.

There is some updates that need to be taken care of like flooring and paint to get top value based on other sales in the neighborhood in the 170-175k range.

Add a nIce ceIlIng fixture In the mIddle Note that this is in a reasonably nice house/rental in a B+ neighborhood.