You must know the REAL ARV (after repaired value) of the property, You must get an accurate rehab estimate and ask a reasonable price that includes your reasonable assignment fee.

So their estimation better be bang-on. 

Deal Term: 15 Years Total Buildout/LL Cost: ~$12.8 million (prior to financing costs) Average Annual Lease Revenue: $961,500 - Total Lease Revenue estimated to be $14.4 million over term of the deal.From a pure cash flow perspective - obviously wouldn't do this deal, but factoring in a likely exit within the next 15 years w/ a great credit tenant...

That is why a "good" estimate from the lender will give you a 'cash to close' value.On the refi, the "closing costs" should be very limited to just some fees. 

How do you estimate rehab costs of a cosmetic fixer-upper without seeing the property in person?

Hey guys so I’m looking to currently buy my first house my credit is above 700+ I’ll have a co signer aswell to increase my DTI if needed I’m looking to acquire a 300-325k home in Las Vegas my goal is to live for free I wanna rent out the rooms to cover my mortgage and all expenses if possibly I’d like some advice on people who have done this prior I plan on getting a single family how do you come up with a estimate to how much rooms can rent for? 

Received my first loan estimate.

That will refurbish provide a budget top.Ask any mobile home refurbish contractor to walk the home with you to define scope of work together and get a detailed estimate for the renovation.

The property needed significantly more repairs and capital expenses than we estimated.

Here's my thoughts on a max bid:Turnkey value (low estimate): $185,00070%: $130,000Assumed Reno: $20,000Back Taxes: $20,000Assumed Condo Fees: $10,000 (private info, can’t find)Estimated max bid of property: A) $80,000 Auction is in two weeks so I still have time to research or adjust the number.