A qualified professional appraiser will generate a comprehensive analysis considering factors such as sales comparisons, highest and best use, market conditions, and income generated following Uniform Standards of Professional Appraisal Practice guidelines.

When you bake in buying out the partner, factor that since they are not selling the property, that they are not paying approx 6% to 10% of the sales price which should be in your advantage regarding your offer.Best of luck

You are absolutely right, making local connections is a key factor as well as managing the finances.

Which is fine, it's just a matter of figuring out what that risk factor is. 

hello @Lucia RushtonWhat are the factors driving jobs growth in Forney?

Thats just one factor.

Also weather is a factor as previously areas were subject to a 100 year storm that is now a 20 year storm, which causes insurance to skyrocket.

A few quick tips:Run your numbers – Flip for a profit by factoring in renovation costs, holding costs, and market trends in the area.Line up financing early – If you're using a VA loan, it's great for long-term holds, but for a flip, hard money or private lenders might fit better.Build your team – Lean on your local contacts (family, friends, or contractors) to be your boots on the ground.

Reminds me of the scene from the big short with the stripper who has five properties and swimming in debt.The other factor is how much do you have in reserves, do they cash flow and could you afford a job loss?

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