.$250 to remove debris is excessive. should be included in the landscaping / house cleaning charge.$495 for paint touch up?  

I am trying to start a acquisitions team including lenders, brokers, partners, and investors.

Most appraisals for multifamily include the income approach to value, so you can estimate how much value it will add.

My search has included analyzing the prices of homes in these markets, driving around the neighborhoods, checking on occupancy restrictions, student permits if required, college enrollments, crime statistics, etc.

I will tell you.That magic number X is... how EVER much  the numbers (this includes ARV, market value, and the amount of risk you want to take) allows.

But if you spent a total of $500,000 ($300K to purchase and $200K to fix up not including closing/holding costs), then you're still short by $50,000 in the end.So you need to negotiate numbers that work up front so you can pay back your private lender(s), have a bunch of cash of your own to bridge the gap, or walk from the deal.But this is assuming you borrow ALL the money.

To start, the numbers:3 bedroom, 1.5 bath 1700 sq foot brick SFH with bonus room.Purchase Price: $59kAppraisal: $105k as is with estimated $124k after rehab.Renovation budget: $20k.Renovations include: new flooring in bonus room, kitchen and baths. total renovation of bathrooms, new cabinets, crown molding (to cover bad drywall job by previous owner), buff hard woods, paint exterior, paint interior, remove awning, remove side door and seal up, fix low spot in kitchen floor, and remove the non-permitted fire place.Estimated Rent: Initially I budgeted $950 per month based on another rental I own in a similar location, but  two houses on the same block were recently rented for $1200+.

My plan is to convert the upper half into four 2BR rental units, rent them furnished/utilities/internet included to students on a 9month lease, then airbnb them to tourists & faculty in Jun, Jul & Aug. 

THis will be a student RentalPurchase Price 113kRehab 15K5 Bedroom, including third story finished Attic (2800 Sq Ft)Rent $2,600 per semester $5,200 for year. $500 summer lease-this is around average rent for off campus house with Utilites includedExpensestaxs- $1,700insurance- $2050gas- $1,900Electric- $1,200Water/Sewer- $2,000Yearly maintance- $1,000total= $9,850NOI based on Semester Rents Without Summer leases and late fees $26,000($16,150)Purchasing Home with Primary Home Equity. 

The majority of 25-40 year olds who live downtown drive north for work (myself included).