I used comps with similar size sqft, same # bedrooms/baths, same neighborhood. updated comps are 40k-50k more than the seller is looking for. comps are in the 220-230 range, seller is asking for 170. lets assume an AMV of 225.

For example my brother picked up a house for $17k and two others sold for in the $40k-$50k range when they otherwise would have sold for $120k+.Sounds like an off MLS deal, even MLS deals have bad advertising which is why it says buyer to verify so I wouldn't get caught up in that.  

I'll give you the typical ranges for a rental property loan in Ohio.1.

Thank you Ellis.So there are no other funding options if you want to buy a property that is "out of your range"?

I was always told 20% like I'm sure majority of you were told at firstAnyway, I was looking at places ranging from $130-190,000 (just seeing what's out here) and in most places I'd want to redo the floors, kitchen & bathroom.

Ready to finish and flip.Comps in the 679k+ range without the extra half lot. 

To give some additional background, only 1.4% of all sales in the city last year were in the price range of current list price.  

Most houses we flip are in the under $225,000 ARV (relatively inexpensive for CA) range so mid-range cabinets will suffice.

@Chris Tracy that was how I was doing it plus looking at comparable rents and looking at per unit cost.This property: Built 1982, shingle roofs 6 buildings, only amenity is a pool-Property is 75% newly renovated-It IS distressed as the vacancy was in the 20%+  range when I heard of the deal-a new management company has been in for 4 mos and has raised the tenancy to 88% currently-it is in a suburb of St.

My phone rang all day to the point I shut it off because I got sick of people asking me the same stupid questions (not one question was asked that wasn't covered in the ad).