@Gabriel Addy First lesson as a newbie, evaluate a deal to see if its a deal before spending (wasting) a bunch of time on it.

Normally, YOU, the buyer should be the one paying for the appraisal so you know its an arbitrary evaluation and not some scheme the realtor and the appraiser set up to up the price.

@Matt FerchSo the main things you need to understand for evaluating the deal are:What is the arv?

Would like if you could double check my research and educate me how to better evaluate deals or meet an agent who is better suited for first time investor Option 1- Dover single family (MLS#3550289).

Is it necessary to be using ARV when trying to calculate the value and profitability of a rental property on the bigger pockets calculator? It’s a required field. Should I just assume that it’s the same as the purchas...

However, I wanted to see any other things that I potentially should evaluate. 

.    ----     Due to good size square footage, would rehab the home to a 3 bedroomRehab Cost: $30,000 (Assuming half of that money would be going towards the addition of a bedroom)ARV (Assuming it can become a 3 bedroom): $145k-$165kPotential Rent Amount: $1300-$1400/monthIf purchased with Cash: Total cash needed - $109,900      If flipped - Profit of roughly $35k-$55k minus closing cost      If rented - Cash flow of $600+ (7% Cash on Cash ROI) or could be BRRRRed for potentially an infinite %            returnI know these numbers are hypothetical right now and would have to evaluate the property in person, but for just a preliminary analysis, this property seems like it has a lot of potential in being a good investment. 

I recently had this evaluated by a structural engineer, and he dubbed it not safe at all to park on.

Either they are really bad at math or they are happy to live in your rental even with the late fees.I would evaluate your rent rate and verify you're at market.

@Rick DiChristofaro sounds like a good exercise for someone learning to evaluate properties.