if your brand new using a trusted agent in my mind is the way to go.off market properties are full of wholesalers who have zero fiduciary to you.. most will puff ARV and rehab estimates are WAAAY off to make the deal look good.. they will not give you a property disclosure form that the seller needs to fill out etc etc. 

Purchase price was 145k and after a 15k rehab the current estimate is about 220k.I’m currently remodeling my primary and once that is complete I will have about 250k in equity.My minimum goal for cash flow from my portfolio once I leave my job is 5k a month as I have a side job already in place.

Develop the current P&L and then conduct the pro forma estimates in order to truly analyze the property!

Estimated closing cost is $7776.80 on a $75k washout refi. 

Haven't got siding estimates yet. 

I would recommend reading the book by J.Scott called "The book on estimating rehab cost" Also, network a lot and consume wholesaling-related content to give you a better picture of how it works. 

I could be wrong here so I'd hope for you that the repair estimate is being used to negotiate the purchase price down.Curious to know what other members of the BP community feel about this.All the best to you on your first deal!

miami florida also has 15%+ appreciation. imagine starting a 2 year development project and at the end you have two years of that appreciation. makes the deal easy even if you weren't that great at estimating. 

Something that I've found that works well is to charge a 25% deposit for the estimate I give if the total engagement is over $1,000.

. • Establish solo Roth 401k• Make quarterly estimated tax payments (?)