Determining ARV is an art and a science - you definitley get better with practice and tools.

A lot of large PE firms and REITs that levered up over the years to purchase commercial notes seem to be getting crushed right now with bank margin calls due to the perceived downgrade in value for the underlying properties (due to a foreseen loss in paying tenants with companies going out of business and tenants not being able to make rent) and the banks' requirements to mark to market the loans they made to these firms/REITs to buy those mortgages. 

@Suzanne Player I’d be happy to share some information and tools with you to give you a kick start on CRE journey.The good news is that it’s not brain surgery and knowable with the right information.Send me a DM and I will send you a starter kit.

I had a great one 12 years ago & he's back & desperate for work so we'll see how long that lasts.I've met a lot of burned out mid 50's guys over the years with a beat up vehicle & a few tools who will work for $12-$20/hour depending on the type of work assigned.

So as long as you have an exit strategy to pay off that HELOC after you acquire the property, it can be a valuable tool to have when you find that deal.  

So another obtainable goal I have is to gain handy skills and work with tools!

I wanted to know if there were any tools or advice you guys use to come up with how much value you can add to the property.

I just simply wanted to share that landlords are eligible as it is not widely understood.Please, no one should expect this to be a solution, it is a tool in the tool box.I expect more direct relief tailored to landlords to come from elsewhere.

Personally I don't see evictions as an effective tool for Covid 19 so I don't care whether we have them or not right now.

*Is there a new tool or search engine that will comb the MLS for you to find "distressed" or Power of Sale properties in Ontario?