This will assist investors in making informed decisions and to potentially identify lucrative investment opportunities.More Accurate Property Valuations: Property values are assessed more accurately when utilizing AI tools as they are able to take into account multiple factors including market conditions, location and the features of a property.

Somewhere around that figure would be accurate.

A novation on a deal like this would possibly kill your profit if you do any Reno because of the added cost that comes with selling the property (not to mention the headaches that sometimes come with novations) I'd take a look at the numbers again, If the numbers posted here are accurate, I'd pass on this one

It's really about finding those good contractors who can give you accurate quotes and timelines, as well as having an expert agent / broker who specializes in investment real estate and can help you identify these properties as soon as they hit the market.

This is way too accurate.

How do you get even accurate numbers to run a pro forma? 

@Neal PatelRecommend exploring as many sources as possible to get referrals AND cross-reference them to get as much accurate information as possible.Check out NARPM.com, BP’s Property Manager Finder, etc.Also, encourage you to learn from the mistakes of others - by reading posts here on BiggerPockets about owners not having their expectations met by their current Property Management Company.

That might be a more accurate reflection of reality as well as enhance your returns. - Homeowner's insurance looks about right to me, but you can always get a quote to confirm. 

Consult a Professional: Given the complexity and variability of these regulations, it is advisable to consult with a real estate attorney or a professional specializing in mortgage notes to ensure compliance with all applicable laws.For detailed and accurate information, please contact your state’s regulatory authority and seek professional advice.

First you have to interpret things accurately.