The buyer is a childhood friend and I understand Fair market value determines the price and not the "ASKING PRICE ".

I would also like to do flips and spec building and believe having the license would be beneficial, especially on the buy-side and determining ARV's.

To determine cash flow you should contact a property mgmt company in the area and ask them about current rent for similar properties and how long those properties are on the market before being rented.If you need cash now then a quick flip is the way to go however you'll want to discuss with an agent to see how long, based on research not their gut, will the property take to sell.Welcome!

i'm trying to determine whether or not it would be worth it to me to invest in equipment to accomplish this.

Different insurance companies may have different tools to determine that value.

Unfortunately, you are encountering an example of this in real life.Now, since Victor N. says that CT is just like PA with respect to foreign loads on a tenant's utility bill, and you and your electrician both have determined that this is truly a foreign load that the tenant has identified - you have not done the right thing, you must correct this ASAP.

Most people just enjoy the free time, but I am determined to get out of this mediocre life.

The main concept I suppose is along the path, but it's not equity that secures a debt, it's the value of any secured property that determines amounts that are available to be redeemed in the event of default.

Btw, this is what I do on every project to determine the scope of renovation work I do...

I didn't hear that suggestion on Bill's video, I also didn't get to listen to every word.Bill usually has decent input, can't imagine him suggesting that.Those eight aspects of underwriting are the major categories to determine an approach to underwriting, in no way shape or form is it as simple or as a matter of fact as eluded to in that video as to a just check off in these areas and you're good to go.