If you're really curious, contact a couple of property management company and ask for (anonymous) T12's in similar sized properties with the same bedroom/bathroom count.

(Generally 50 miles is considered reasonable)o The borrower outgrows their present property because of an increase in family size.

I guess ot would depend on the setup and size of complex but that is my takd and avenue I would pursue or investigate.

Hi Eric, yes there is a decent sized BP crowd here.

@Mikki McIntyre The model that I advocate is, starting with a pot of cash in the amount to cover the down payment, closing costs and reserve requirements for a hard money loan on the average size or maybe the largest size purchase you would do as a flip or a buy and hold. 

Also, 3” is a huge section of decay— usually these are caught at about the size of a dime (because they leak).

It like a reverse mortgage and putting all the money into the lottery or slots.  

This is one of the reasons why investors preach using small or mid-sized lenders and not larger lenders. 

You should have several brands, types, and sizes to choose from.

But the $ per sqft would take into account of the upgrades done and such, so you would just need the room sizes.