You may be better served to look at your internal rate of return which is the sum of all those sources of revenue - noi, appreciation, debt pay down etc. 

My biggest fear would be that once I go to get a bank loan against the remodeled/rented property, I would have trouble and hence be stuck with two loans to continue to pay (seller & construction loan).

Some of the nations biggest wholesale lenders have announcements scheduled for this week and next to provide a status update on resuming operations and current pricing/max leverage. 

Zillow was in expansion mode, per their latest SEC annual report filing a few weeks ago: "We are in the midst of a significant, multi-year business model expansion, building on the strong foundation of our established real estate marketplaces and advertising-based revenue model to move into facilitating real estate transactions and offering related adjacent services.

Hey @Eric McAvoy, you'll be moving from residential to commercial financing - so overall one of the biggest differences will be in deriving valuations. 

These two are the biggest negatives to FHA.

-Self-employed housing providers are not eligible for unemployment benefits, and for many of them the small percentage of revenue that is left after expenses is their only income.

Commissioner, 80 T.C. 538 (1983), affd. without published opinion 745 F.2d 66 (9th Cir. 1984).8Observing that section 195 as originally enacted9 in the Miscellaneous Revenue Act of 1980, Pub.

With all of the reading and podcast, I have a big brain of information now so the biggest struggle I’m encountering at this time is where to start when it comes to analyzing.

Other than that, the current value, ARV and your offer price are the biggest considerations.