For even more accuracy, we choose to only use comps that are 1/3 mile away or less, with sales dates within the last six months.Sometimes, even the street can make a difference in the value of a property.If the only comps you have are on very nice streets, but the house you’re considering is on a very “distressed” street, then you have to reduce the ARV.How much is an appropriate reduction is a judgment call on your part.You’ll want to base that call on how much of a discount will be necessary to entice the final owner/occupant to buy this property over one they can get on the “better” street.If the comparable sale that you are using is too different from the subject property, then it is of little value.If you use it in your sales marketing, you’ll lose credibility with your Investor Buyers.An example of a poor comparable is when your subject property is an old cottage fixer-upper, and you compare it to the sale of a brand new in-fill (an in-fill is a new house built on a vacant lot in an otherwise established neighborhood).Rehab dollars vary according to level and detail of the job – everyone has a different formula.As a wholesaler, we suggest a middle-of-the-road approach for estimating enough rehab dollars to get the subject property to look like the comps.You’ll need to spend more on rehab as the ARV increases.Logically,buyers like more ‘pretty-ness’, higher-end fixtures, cabinets, etc. when they’re paying $200,000 vs. when they’re only paying $100,000 for a house.Buy/Sell/Hold costs are all of the costs associated with:üThe purchase (loan origination fees, title insurance, attorney fees, survey, appraisals, etc);üThe sale (real estate agent commissions, marketing and advertising, closing costs paid by the Seller); and üHolding the property (mortgage interest, utilities, taxes, insurance, etc.).

So the IREM report surveys property managers all over the country (thousands of them), and they produce reports each year based on those surveys.

Originally posted by @Mike Cumbie:@Rob D.I keep recommending my clients have an- Attorney approval- Contractor review- Radon test- Lead based paint test- Asbestos test- Septic inspection- Finance contingency for FHA- $2500 repair expectation for any repairs FHA demands- $1 EMD- Engineers inspection- Furnace inspector- Partner approval- Environmental impact study at sellers expense- Neighbor interview- Plumber inspection- Assignment of contract- Well test- HOA rules approval- Certificate of Compliance acceptance- Marketability of title- Town code review- Survey- Soil testFor some reason they keep complaining they are not getting a response, beat out or end up spending thousands in tests and fees only to lose to some cash buyer when they request a repair.

I am curious, did you conduct your rental survey yourself or did you hire it out?

Having done it yourself (in a matter of minutes with this software), and having reviewed rich, objective information, you will pretty much know what you want and can get focused on a shortlist of opportunities quickly.We're actually surveying people in long-distance buying situations to make sure we are building the right thing.

never liked the stuff either :)https://nypost.com/2020/02/27/americans-are-avoiding-corona-beer-amid-coronavirus-outbreak-survey-finds/

Just a suggestion - it would be great if BP could actually put out some sort of legit but simple online survey on this question.

I went just the opposite direction as you with the survey. 

-----------------------------------------Please take a 101 US history survey course about the late 1800s,early  1900s.

before you can even make attic living space, there must be a survey showing how deep the foundation is on the structure.