He confirmed my assumption that the estimates on Zillow, etc. are pretty much junk, that they will regularly be at a minimum 5% off, sometimes much more, and that what he has seen in the past is that new investors have based their numbers (purchase price, rehab budget, etc.) on these inaccurate numbers and what started off looking like a great deal, turned out to be a bad deal for them after the actual comps,  inspection, and assessments. 

Partner Driven added value to the Wall Canyon Ct deal by investing $50,000 in comprehensive renovations.

Scholastica Dr deal by investing $52,000 in comprehensive renovations.

Partner Driven added value to the Powder Branch Rd deal by investing $35,619 in comprehensive renovations.

Here's my assessment based on what you described. 

Partner Driven added value to the Oak St deal by investing $67,150 in comprehensive renovations.

What I would do when beginning my journey is assess my current situation and goals.Are you open to owner-occupying your first investment?

Partner Driven added value to the Beaugard Cove deal by investing $40,000 in comprehensive renovations.

Another simple idea is to just have an expert assess the condition of a few of the best properties you find with the original strategy. 

The lender will typically require a more comprehensive title insurance policy with endorsements typically not required on a residential purchase.