Average rent in the area is around $1200 maybe $1300/mo if I update the kitchen.The property is being delivered point of sale free with a home warranty so shouldn’t be any money in repairs unless tenants move out right away.What are your thoughts!?

Is it updated?

Any updates would be helpful!

I will update the numbers to reflect your advice.

Something we can buy together, add value through updating/renovating, have them live there for a few years, then we can cash out refi to get them money for their own down payment on something else, or we can sell and split the profits.

Good Luck with your venture, and keep us updated on how its going, or if you need any help!

Plumbing and Furnace: are updated from initial walk through.- Electrical: 2 panels / 2 meters - Setup: 2nd, Garden, & Garage / 1st Floor. 

ET May 5, 2018 | Updated 10:12 a.m.

@Alex LunsfordThe garage apartment was already converted, just needed some updating.

It can value exact comps because computers don't understand that if two houses have the same square footage and same bedrooms, but one is completely open concept and the other is not and not updated, there is no comparison.