Many inexperienced investors do not have their real estate license and are relying upon you to gauge the ARV.

I wouldn't just rely on Loop Net and/or other public resources.

The bank said they won't be requiring any repair reserves or mgmt fees in their calculations but they will just be relying on the appraiser's numbers.

I hope you're not entirely relying on realty trac numbers.

I am thinking once it hits the bad guys account they have within 30 seconds moved it off shore.this all started when title companies would not take personal checks.. because lenders and such could not get there docs there until last second.. so no time to clear a check.So then the title co  required cashiers checks.. well that went along for a while until the bad guys figured out how to forge cashiers checks.. it was really bad in Florida for instance.So then it went to wires were we are today.. and now with everyone relying on E mail. and the ability of hackers.. once the bad guys realized how much money flowed and how many to most of the folks doing this were newer it was like katy bar the door.our process since we wire every day.. is two fold request from closer and at this point we might be on deal 30 with the closer and have their coordinates.. any e mail that changes their wire.. the big one is Hey we just moved banks here is our new wire info.. that is HUGE red flag and we go into telephonic mode.. most of the closers I use I have used for many years so I know there voices.. 

A business model that relies on getting properties from a wholesaler is a lazy business model. 

If you know those numbers then you don,t need to rely on others, they either pass that criteria or they don.t  Different areas if the country are different.

Additionally, I worry about your approach as it really relies heavily on appreciation in those areas, which traditionally do not appreciate much. 

If you want a place you can't rely on a counter offer.To the comments about his RE agent not understanding investments - he didn't mention whether he was looking for an investment or a SFH to live in.  

I just did a quick google search and Baltimore County requires all rentals to have hard-wired smoke detectorshttps://www.baltimorecountymd.gov/News/PoliceNews/...In addition Baltimore REIA has an article which indicates that the city requires hard-wired smoke detectors as well:http://www.baltimorereia.com/smoke-detector-law/If you read the Baltimore REIA article carefully it lays out when battery powered detectors must be upgraded to hard-wired but of course you should not solely rely on their article.