@Joshua Reed - the members that have responded so far are accurate - it can be tough to do deals in and immediately near NYC because of competition, amount of capital required, etc.I would suggest finding and area a bit further away where you can do deals and not have to battle so hard. 

The inspectors observation was more accurate to what I saw.Inspector reported a dog too, which I know is the mom's who doesn't live with them and tenant says he watches occasionally, which I believe hence no overbearing dog smell despite it being a 50+lbs dog.It's a lot of different info to consider, but I also want to keep a good relationship with a tenant who's always paid in the end.Maybe under cautious, maybe over?

Is this at all accurate?

I am having trouble figuring out how to accurately do the analysis.

@Tony Castronovo It's nice to see that the ARV and repair estimates from NewWestern and Networth are pretty accurate.

If I don't know the area and what prices are like I can't make an accurate estimate of what I'd pay.

As a contractor I always prefer a full gut but it does eat away the rehab cost and takes longer but no stress about plumbing, leaks, electric, lead paint and etc in the future.The patch up would cost less, fast timing, but then you are gambling with what's behind the wall and hoping nothing happens in the future.I assume most house that are purchase for BRRRR purpose are in distress/bad condition and old on some occasion.What rehab number would you go for?

Deals come up all the time where I'm from, via Foreclosures, Short Sales, etc. via Properties selling for $50,00 - $60,000 .If I get n accurate Estimate that the ARV will be say $80,000 - $85,000 , and Im All-In the property for $65,000 ..... then would it make sense to do the deal ?

Look up a few on Youtube so you know what they're telling you is accurate (always verify).

If these are solid rental properties, and you are accurate/honest when you do your taxes, there's a really good chance that you could get vanilla Agency loans.I have a lot of fun with batch refinances.