Hello,I'm wondering if people 1) use Automated Valuation Models (AVM) in the small-medium size mulitfamily space to spot under-valued properties by comparing the AVM price (the predicted appraisal value) to the list price (or the price you think you could reasonably buy the property at) and buying at a large difference (e.g. the Zillow Zestimate or Enodo: https://www.enodoinc.com/e-valuation.html) and 2) use any software to make a data-backed prediction of the ROI of various repairs for a BRRR approach (e.g.

Just jump in head first, and make sure you have enough of a cushion in the deal to put in an extra few thousand for closing. 

Sherelle – thanks ..there are several versions of the 3 % conventional program…there is one that requires income being below county income limits ( see link below ) and there are also programs that do not have the income limitationThe income limit look up is here - https://homeready-eligibility.fanniemae.com/homeready/Pre-approval is open ended with no expiration date ..we can update data in your file as needed ….credit report does need to be rerun every 4 months …Data needs for pre approval is faitly easy and straightforward ..see checklist 2 most recent bank account statements 2017 2018 W2s 2 most recent paystubs 2016 2017 tax returns ( 2018 when available )Copies of driver licenses Completed loan application and signed initial loan forms I have emailed you the same information too .

They build in extra padding, so the unexpected does not derail the entire project.When creating your budget, make a room-by-room outline of work needed and estimated costs.

I would analyze your current market using some of the data points that @Allan Bishop Jr. mentioned in his post above.

Account Closed I was actually told by my CoStar rep a few days ago that you can list property on CoStar at no additional charge, but the only extra charges are if you want to list it on LoopNet.

Often raw data includes many fields, and knowing which ones are the valuable ones is pretty much of paramount importance. 

So very helpful :)Yeah the idea sounded weird at first, but it may work well for me (aside from my broker making extra commissions for his good idea).

I've learned I can still leverage MLS access/data for comps and getting a feel for a neighborhood. 

Good questions to start with @Kyle Jey - this gets my wheels spinning.I will self-manage and I live very close.Landscaping, snow - these are not factored in besides the maintenance percentage (5%) I listed in my post.I have no idea if the place needs rehab; all units are currently occupied and there are no images of the inside.Closing costs - hadn't thought about this; would attempt to roll into the mortgage payments - maybe $100/month extra?