Final sales price on a closed transaction is.Recent: Ideally less than 3 months old, go to six if you must, go to 12 months if you absolutely must (but in this case you need to SERIOUSLY question market demand for this type of home if no one in the last year has bought a similar home... guess how many outdoor swimming pool comps I'd find in Fairbanks, Alaska?)

Many good tenants are smart and realize the owner should be paying the PM fee so they avoid those properties so now the ones charging the tenants are left with a less than desirable pool of tenants.

When you ask for <$100k, you've already eliminated half of the pool. 

. $1525 rental was worth $120 to $130k three years back but certainly not new construction which doesnt mean much since you are not living there. also the pool of buyer willing to pay $1525 is low compared to the average $1100 to $1200 pool. please keep that in mind.

Basically I pool together the unclaimed depreciation from previous years, add (and subtract) the depreciation for successive years starting from my 2018 return onwards.

Sweet.Secondly, the OP's property is in a low-rent neighborhood, so the pool of applicants will likely be more in line with C/D properties than A/B properties.

@Melanie HeigesOkay. that makes sense.You have a few choices for flips:your own cash, or cash pooled with other investors.hard money or similar private lenders.You don't typically get a traditional bank loan for flips due to the condition.So, you would either get hard money loans that will lend for distressed properties or use you own cash.Hard money lenders base their lending on the project, not on your personal finances.

Most common reaction I get from my pool of family and friends is "sounds like a scam." 

I learned something new and I'll be better prepared in case I see these in some future pool. 

Look at when major repairs have taken place at the property like the roof, pools, tennis courts, building painting, etc...