Get some estimates on what it would cost to finish up and of course, figure out how much the ARV will be to see if it is worth what the contractors are charging.

I can use those as the legitimate reason to deny the application knowing that my real concern is their inability to pay the rent due to maternity leave.

Opportunity cost is the name of the game, in a fiat system where we create money out of thin air; Money now is more valuable than money in 30 years.

I've done my fair share of research into good 'rules of thumb', but not any that consider the cost of land in the area.

It might be a good idea and it shouldn't cost too much as it is all computer generated.

Hey Marcus, I just replied to your email a bit ago with some reasons why Detroit agents are generally terrible :-)Outside of that is the challenge that there's just not much inventory out there (historically speaking). 

Estimating cost for streets and utilities is just a piece of the puzzle, and likely easier, although more expensive.

I am (to no-ones surprise) very biased on the Milwaukee area for a lot of reasons. 

We talked about things like the loan-to-value limits, rebalancing schedules, and the debt service coverage ratio to make sure they were reasonable and fit with our investment plan.

The purchase price was 395k and furnishings cost about 20k.