Know the market well.

However, there is a specific deal Which I find hard to understand the ARV for.It is a Single Family Home, 2 Bedroom 1 Bathroom, 850 SQFT.These two comps have a price gap I find hard to understand, even when considering the difference in renovation level.If anyone knows this market well enough to understand the cause of this difference, and if it might be due to an issue with the location, or if there is anything I am missing.Comp 1 - 1011 Elm Street, Burlington, NC, 27217 (120K)Comp 2 - 1109 Walnut Street, Burlington, NC, 27217 (120K)Comp 3 - 1505 N Park Ave, Burlington, NC, 27217 (180K)Thank you!

You'll also need $10k-$20k for closing costs and other items on normal loans, as well as 3-6 months of reserves (PITIA) for the majority of lenders. 

I took a brief hiatus from BP as well, so sorry for the tardy reply.

He says that the front door was damaged which he got repaired but there is some damage on the back side as well.

Well, of course - that's obvious - but most people in most places in the US are going to spend too much on their purchase because that's what's available.

If that's the case, you might as well just pay them.  

. #4 should come from a solid agent referral as well

The key with any partnership is well defined entrance and exit rules. 

I’m here to share ideas, ask questions, and hopefully contribute to discussions as I learn from your experiences.Honestly a little overwhelmed at all the choices and intricacies: but excited as well!