How far below market are rents and what would it take ($$$) to get the property up to standards to command market rents?

Does this property command that type of rate?

How much extra rent can you command with the central a/c?

I found this by making sure I scrolled to the bottom of the comments then did a Command F to perform a search.

You would need to acquire data from outside sources. e.g. if you asked her what branch of the military she was in, who her last commanding officer was and some other details, I'm guessing you would get more riled responses as she's thinking this isn't as easy of a put over as she expected.

That gave my partner (also AD Navy and at a deployable command) the confidence to do a fix and flip in AZ (we're both stationed in CA and it's very expensive here). 

If you are only finding dated houses you can assume your house might command a slight premium, but honestly I rarely assume that.

A summary of the opportunity is below.2 4bed/3bath SFH offered together for $1.75M.Comps show implied value of $2.4M-$2.5MVery desirable neighborhood of OaklandSeller has offered to finance a portion of the total purchaseBoth homes are completely vacant and recently remodeled (so we can command market rent for all units)Since my business partner and I have recently started investing, we do not have significant reserves to put down $300k+ in a traditional loan package.

What about this unit commands the price?

@Kyler Lee:Pros:A-class property should command top rentsVery low CapEx and maintenance, at least in the beginning.Building right can lower operating costs.Cons:Nearly impossible to make the numbers work due to the high cost of land and laborTons of red tape with P&ZNeed to work with a very experienced GC, which eats profitsUtility hook-ups can make the costs prohibitive for a rentalDifficulty getting financing if you (or a partner) doesn't have direct, relevant experienceNo cash flow for the entire construction period requires larger up-front reservesThere's a reason only really see SFH or large MFR being built in most places.