We just put them in a folder by address and date. 

You will need to factor in rehab costs, which could easily eat up another $50-75k depending on the condition.

Quote from @Shelley Austin: Purchased property for 390K, put 15K into rehab.

we have houses where the rehab amount > the ARV. 

However, what are some common mistakes beginner real estate investors/Rehab flippers make?

No renovations, but cashflow negative (wont hire property manager anymore just to breakeven) @$170-18503. 1031 and buy in WA where we can manage on our ownSame problems with others, we have limited cash available. if we do buy on WA , few concerns are:We are intermittently rehabbing our current home to be rented as Nursing Home eventually hopefully in 2 yrs. home in WA are more expensive and would need higher downpayment and it would be challenging for us because our DTI is high already, we would have do to a dscr thats 100k++ DPSorry for the lengthy post, hope to hear from you!

Addressing their concerns and being transparent with them is crucial.

That's the situation I am trying to address. 

So he wants all the upside (fully occupied and cash flowing) without any of the work (rehab and lease-up).Like @Tyler Watts said, the math wont work.

Its a possibility but would need some more infoWhat is the pad rental income only along with the other items below which I need for pricing.Property Address (so I can view the property and confirm that it isn’t rural):Your Approximate Credit Score:If occupied by tenant(s) what is monthly or annual income:If you like you can PM me too.Thanks