The cost to add 2 more units by reconfiguring the current 4 units is going to be costly for a small $400 a month increase in rents.I also think that the large size of these apartments is a real draw for people and its what makes them so easy to rent.

The selling prices, after adjustments for differences in date of sale, size, condition, and location, would then indicate the estimated FMV of the donated property.If the comparable sales method is used to determine the value of unimproved real property (land without significant buildings, structures, or any other improvements that add to its value), the appraiser should consider the following factors when comparing the potential comparable property and the donated property:1.Location, size, and zoning or use restrictions, 2.Accessibility and road frontage, and available utilities and water rights, 3.Riparian rights (right of access to and use of the water by owners of land on the bank of a river) and existing easements, rights-of-way, leases, etc., 4.Soil characteristics, vegetative cover, and status of mineral rights, and 5.Other factors affecting value.

@Ben Bymaster  I agree that whether you should use onsite or offsite management depends on the size. 

Down Unit has 2 nice sized bedrooms, full bath, large living room with fireplace, kitchen and plenty of storage and nice front porch!

There are pros and cons to this type of pricing depending on the size of your portfolio and other factors.

It depends on your contractor and sizing but that is about what I pay on my properties.

As Peter said above, I would most certainly hide a fee of that size on a blind HUD and do a double close.However transaction funding won't easily be available for that size.  

Hi Tim,You might want to mention asset class ( single family, multifamily, commercial, etc.) and then also deal size ( 300,000, 1 million, 2 million, etc.) and then the strategy ( buy and hold for rent, rehab and resale, etc.). 

An agent can run them for you based on many factors, sq ft, SFH vs townhome/semi detached, garage, # of beds, baths, lot size, AP, SP, if there was seller assist which would make the numbers look like the home sold for more than what it really did. 

I believe the key to his advice is his mention of buying the "right property" -- which includes a whole lot of factors like location, size, etc.