Rich, as a relatively new investor focusing on rehabs right now, the biggest things we rely on our realtor for are:-Getting us into see places-Comps, comps, comps-Opinions on ARV-Negotiating the dealAnd the most important: Doing all of the above in a timely manner.

I would consider investing in cash rather using leverage unless your income or the death benefit that would replace your income could sustain the investment in a downturn of the economy.

Getting these 6 people to do ANYTHING in a timely manner has been almost impossible.

for #5, assume the rebate is a seller concession. does that rebate also reduce the basis in the same manner as lowering the purchase price by the same amount?

Jon, it sounds like the holdup is getting the info from their appraiser in a timely manner.

I find it a much better source of leads for properties that are bank-owned or distressed in some manner.

Although some may think like you.In the value process, you can not skip over comps or ignore comps in any manner.

I have always tried to estimate a little bit to the high side, so the surprises are less apparent.After the loan is approved, and you are getting near the closing, the settlement costs will be used from your Good Faith Estimate in a more precise manner.

I guess you cold argue that SoCal is over inflated and the rule *should* hold true but these values are sustaining, and the market is turning.

We have spent untold billions overseas that could be used to cut the deficit and ensure future sustainment.