Analyzed my first potential fix and flip a couple hours ago and found that my max offer would have to be about $22k below asking - I have a feeling that this set of analysis tools is going to prove invaluable to my success.Anyway, just wanted to share where I'm at in my journey.  

Hey Simon,I'm building a tool that does pretty much what you describe, to automate what I'm doing in spredsheets.http://www.reikit.com/compsIt uses zillow/google maps data for lookups, but I use it with my own comps that I got from my realtor, then I run my own adjustments to get an accurate ARV.It's still early days, but check it out and let me know what you think.  

I will check my availability and see if I can set aside some time to make it happen.Zach

I will say that in both cases, I did not set out to find "no money down deals". 

You have to understand what goes into their report like the condition adjustment scale, quality of construction sale, how to pull the proper comps for the property (which can be different comps from actually valuing the property), how to value certain features in comps with the appraisal in mind, knowing what features can created price adjustments and which ones don't.

Also I get this set up with a title company that can take the funds from my buyer and uses it for my purchase.

Set up Google alerts for certain city's that interest you.

We have done a tremendous amount of research to date, but are hoping to find some folks who are already succeeding to lend us some wisdom in exchange for shameless food based bribery.We have a solid background in property rehab and estimating and one of us knows a little about the law, but we could really use some advice from those of you who were actually able to stop researching - and start investing.Are there any investor-friendly agents or investing pro's out there who would be willing to set up some time to chat?   

Looking to hearing from you and setting up some meetings for the next couple of weeks.Jimmy Shatara

The foreclosure process is complex and full of pitfalls, I would strongly suggest consulting with a Real Estate Attorney in your locality; depending on how your set up, you may be able to write off the expenses incurred in obtaing the legal advice.