@Rob Buffington Being that it's less than 5 units, an appraiser is going to use the comparative method rather than the income approach so you need to get some good market comps.

It seems like your looking for quality renters consider other options that add value. 

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Regular retail rates per sq ft even for larger spaces rarely dip below 10 sq ft.I would question the quality of the area at such a level.

Hire a certified industrial hygienist to perform an air quality test (recommend this over a test kit you can buy at a store since those typically do not hold up in court.

@Julian Buick My opinion of a top rated investor or flipper is someone or a company that only wants quality craftsmanship on all of their properties and would never consider hiring a non licensed, bonded or insured company or individual to have work completed.

She says he's one of the only reputable and affordable contractors she can find due to other contractors' lack of follow through, availability to do estimates and lack of quality work in the past.

We use in house handymen to control quality and cost and its not unusual.

I viewed a house today with some serious sub-flooring issues.The house is built up off the ground and the plinths underneath are clearly collapsing.The tile floor inside is still in good condition but the floors slope up and down.Can anyone give an idea about methods and cost for fixing this?

I've seen so many newbie investors end up buying land that is unbuildable only to have sell it later at a steep discount once they realize they can't even afford to keep up with the taxes needed to keep the land.For future readers, one common way to evaluate and price land is through the Land Residual Method, which is pretty much a simply formula:Land Value = Developed Value (highest and best use after development) - Cost of DevelopmentIt requires a little work on the agent's part to dig into what the costs and potential developed value will be, but I wouldn't consider it rocket science.