I divide my email list into two groups, buyers and sellers.

Instead go to the building permit counter at your municipality and ask them, bring a drawing ( you can make the drawing yourself-does not have to be exact) and take a picture.

You then determine new NOI after stabilization divide by the CAP rate to get your sale price or refi value.

@James Walker it all depends on the area and  the demand drivers.A few ideas:Brewery, distillery, cidery, meadery etc.Office style Co-working spaceIndustrial co-working space for artisans, artists and craftsmen Farmers market with fresh meats, cheeses produce.Antique or small furniture Divide up into smaller office warehouse units.

And whoever you hire remember not to pay it all up front but in draws as progress is made.

But in draws, in arrears once you have finished rehabbing each stage.So you will likely need to have money on hand for at least the first draw plus extra for cost overruns and emergencies. 

There is a draw to the idea of off market properties, but are we neglecting opportunities all over the market? 

What inferences do you draw from these kinds of numbers? 

SaldanaYes, lenders do lend on LTV but LTV just reflects the amount of the loan they are willing to provide divided by purchase price.

You can do the 1st and 2nd simultaneously.Yes, the draw back is that she has to a wait 6 months, but during that time your making the payment to her, so it relieves some of the burden on her.