You can hire a lawyer, who might draw one up but it might be pricey compared to using an agent for a low priced property.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

I think Brent with TTP explains it really well in his youtube titled: How To Come Up With Your Offer Price | Brent Daniels LIVEI'm no pro but essentially you need to find comparable sold properties in the area that are fixed up to establish an ARV.

@Amber Mena  The best way to estimate the value is to find other comparable sales within a mile that also have ADUs, preferably fully remodeled if you're building new. 

Families moving in to this area due to lower costs compared to OC or LA.

There are some homes from the 1600 and 1700s that really can't be compared to homes from the 1800s or early 1900s.

But how does these new softwares compete/compare with this is what i am trying to figure out.

Any time a tenant complains, I just tell them to shop around for something comparable to see what prices are like and to consider the cost of moving.

hi everyone, this is my first time posting to bigger pocketsi am an airline pilot in my mid 30s and looking to create a new life for my wife and myself and our baby on the way. i have dove deep on BP and been scouring the bookstore and the podcasts and learning as much as i can about investing in real estate. we currently live in a 1b/1ba home we own, and no longer owe any debt. i bought it for $120k in 2015 with 2br/1ba, met my wife the next year, she moved in and we gutted it and rehabbed it ourselves (aside from some structural flooring stuff and the final electric and water connections) and blew the tiny bathroom out into the adjacent bedroom, making the house a 1br/1ba. we did all the framing and flooring, paint and drywall and fixtures ourselves. we plan to add an additional bedroom or two, and possibly another bathroom, in the unfinished attic at some point. i was granted a HELOC for $120,000 with my local bank after it got reappraised a month ago at $163,000. i think we spent around $25,000 on the rehab so i'm feeling pretty darn happy about the situation. obviously the covid exodus from boston and new york have pumped real estate prices but we dont really plan on selling any time soon; but possibly renting it out if i get relocated for work.i am trying to find my first investment deal, and my wife and i have narrowed down our plan to aim for a rental with cosmetic rehab and solid tenant base. we thought about house hacking. i'm not sure of where i'll be sent next with work, but i will be sent somewhere else soon. our local market (vermont) is not very landlord friendly so we are looking at long distance, self-sufficient rental as our first investment. i am leaning toward student rentals, and after searching and comparing prices and stuff we have chosen to focus on a few different college town markets in the TN, KY, WV region. i have found a property i think might fit. its a triplex with three 1br/1ba units and off street parking, split utilities, w/d in each unit, located a half block from campus. it seems in decent shape, its been on the market over 200 days, and is listed at $190,000 in a market i believe i can ask at least $750 per unit for rent, which would bring my cash flow to near $1000/mo if i used the calculator correctly.what next??

When comparing how much a house might sell for in a neighborhood after rehab, do I compare it to houses in that zip code, or do I compare it to the houses immediately surrounding it?