or you could use this formula:gross rents devided by 2 - per annum mortgage payment = possible cashflow - this is a quick snapshot view of cashflow...now if you're thinking..okay now what...refer to beginning of this post - it all depends on what you or your company can handle.other things to consider are:interest rate & termsmoney downloan amounttaxes Fixed ExpensesVariable Expensesmarket valuemarket speculationrentals in area - vacancy ratesquality of rentersproperty management - you, your business, or someone elsesrepairs - you doing the rahab or relying on contractors (good luck)now you probably know all this so it's redundant BUT, in my opinion, all of the above is really what counts, bottom line.

This is only easy if you have experience as a general contractor.

It would be a good idea to bring a contractor along to get a more accurate estimate of what repairs/upgrades are needed.

I am a self employed residential contractor in the beautiful Ocean County area of the Jersey shore.

My current plan is to possibly bring a contractor and/or an appraiser with me so that I can get a rough estimate of repairs, confirm the current value, and obtain the ARV.

My current plan is to possibly bring a contractor and/or an appraiser with me so that I can get a rough estimate of repairs, confirm the current value, and obtain the ARV.

For a while we didn't have that many contractors on site, but it looks like we're starting to get more and more of you.

I was looking for a contractor who does free estimates - to take with me to look at a property....I didn't realize there were:Additions & Remodels contractorsCarpenty contractorsDecks/porches contractorsElectircal contractorsDrywall contractorsWindows/doors contractorsand about 35 more!

[b]Determine the Costs[/b]During the second phase of the loan process, analyzes the borrower, property manager and general contractor, as well as the the final architectural plans, specifications and construction costs.

I'm a general contractor and I do most of my work myself (from finishing to electrical and plumbing).