One way or another, and if nothing else, someone has to evaluate the property as to the probable cost to bring it to an after-repair-value that matches the surrounding market's fair market value for comparable properties - before ever offering to buy it at "such a ridiculously low price" (as the seller will term your offer at first), let alone, before offering to sell it at "wholesale" to your buyer (i.e., so far below fair market price at retail that the repairs can be covered as well as your profit and the flipper's profit in its eventual retail sale -- or 'buy-and-hold-to-rent-out'er's profit before they would expect to get it rented -- plus the title search, closing, and any tax costs related to your purchase from the seller (usually split somehow) - and finally, the title search, closing, and any tax cost split with whoever buys it from you.Now, that someone could be you (you do trust you and your repair-estimate abilities, don't you?)

Something where you set up a relationship that they bring all their deals to you and together you guys evaluate the deal, come up with the correct numbers and create a presentation that gives their cash buyer list the confidence to evaluate the deal.

He made the comment that when evaluating a deal, whether you're buying it or investing with someone else, the pro forma rents are the most important thing to look at.  

The results of a quick bout of on-line searching seems to indicate that {some} parking lots in Florida operate this way, so it is doubtful you would be charged with auto theft for doing the same.

I am practicing evaluating potential rentals, and refining my criteria.  

@Chase Gochnauer when evaluating the deal to determine the price, I do not.

If so, not much would need to be done other than to say "no", as the kids would currently own the property outright by operation of law.Now, that said, step-dad may have his own claims to be considered in evaluating all of this if he in fact contributed to mortgage payments, maintenance, etc.

Have you had a market evaluation done on the property to know market value?

He can evaluate the general and particular state of every aspect of the house, and give you an estimate.

I am looking to purchase my first property mid next year (2018) and I was hoping if you can share your excel sheet and evaluation.