The day after you close, it will appraise for the sales price. 

@Mayur ChaudhariI agree with the other advice.   

Networking with local investors through BiggerPockets, Facebook, and meetups can help you navigate the market, while avoiding common mistakes like underestimating expenses, poor tenant screening, and hiring the wrong property manager.Good luck!

The most reliable method to locate liens and their positions is to conduct a title search through a title company.

I'm in Peter's course and maybe it is different for me but I get my 10k back after doing a deal(s) worth $500k which is easy to do really.. feeling close to getting that done in the next few months.

Quote from @Cameron Fowler: Hey BP Community,I am wanting to get into flipping and I have the construction experience but am lacking the cash or money to fund a deal.

I tend to say no to the wind, but look at costs vs coverage and the language used.Best of luck!

Thanks in advance:What's the best way to determine if a buyer with an offer is qualified?

I think about this often, its really just running the numbers - if you borrow 100k at an 8% interest rate, will the investment get you more than an 8% return?

P.S. - When you go to qualify for your next proeprty, your lender can actually add losses from line 18 back into your income... allowing you to qualify for the next property.