I also use the spreadsheet to keep myself honest - it helps no one to inflate estimated profits. 

I've been actively looking for deals in Palm Beach County for several months now with zero luck.Prices are ridiculously inflated and competition is extreme from other investors and also hedge funds.I'm just sitting tight and waiting for real deals at the moment rather than overpaying like everyone else.

Very common....either;1) the house was listed below actual market value2) the bank’s bpo is inflated, no consideration for condition, etc.3) combination of the above 2

I know that house prices are inflated here much like the rest or the country but it also seems rents are low. 

We have used two different ones and both have horrendous customer service, less than qualified contractors and inflated costs. 

The reality of todays market is that it is over inflated.

He takes his $50k rehab cost, then the $150k profit is split $112.5k to me and $37.5k to him.I realize that this requires me to have a certain degree of trust in him to not inflate his costs but I am willing to take that chance. 

Grade inflation & price inflation are real things and I believe there is a need for reform in the education system - that being said learning finance & getting the piece of paper still hold some value. 

Inflated estimates/invoice: Now the real issue is about sending me the inflated estimates/invoice.

Incomes in Sacramento are rising faster than inflation, but not in Stockton.