I am looking for input on my analysis, critique of my numbers, and tips on how I might better analyze in the future.I used Rentometer to find similar rents in the area, Realtor.com to find the property, and the city website to find garbage disposal costs.

@Deborah Hardin gotcha. thanks for the tip

As I begin my research, do you by any chance have any expert tips or recommendations regarding pulling comps/determining ARV that I won’t find online?

I had been thinking for the last year plus that this house was the one on my block that met the perfect "driving for dollars" criteria- yard never kept up, weeds growing from gutters, chipping paint, etc.  

You can fill the holes and then paint with an exterior concrete / basement floor paint.  

If you are in a more litigious, liberal state like California then you may want to be more careful.Or Maryland or any state that has significant lead paint issues.

Both buildings are in great shape and I just did roof repairs and painting.

It takes less than 2 weeks to find a qualified tenant and process them through a rigorous tenant screening process.Even in situations where there will be some re-painting and some renovations, the tenants are just happy to find a secure, good apt in a safe and trendy neighborhood.When I build my Business Plans, Vacancy cost is projected to be ZERO in my investment localities.If a friend or relative invests in a different location, then I look at the asking rent versus the Fair Market Rent (FMR).If the asking Rent is approximately the same as the FMR, then, depending on the vacancy rate of the target area, I would estimate 1 month vacancy allowance.IF the asking Rent is significantly below the FMR in a highly dense locality, then there is no point on adding a vacancy of any significant value.I once had an apt with a FMR of $3k per month.

As in tips on contractual agreements, and other exit strategies for me, just in case the investment fails.

Interior is freshly painted 3.Interest rate is at 4.25%