@Mark, my end goal is to have a few properties that can subside retirement (in our 40s now so time is tight).

My contact at Zillow mentioned this a mainly a play to try to get Seller leads to zillow agents. 97%+ of the sellers that click the button to sell their home ended up not wanting to go through with the zillow instant offer....they then know that the owner wants to sell and send that lead to an advertiser to try to take the listing....

@Ovais Zuberi, so it looks like you'd be into it for about the "1% Rule" mark.

Originally posted by @Mark Fries:i find that its more expensive than home depot and lowes.

I do think I should sell before the 5 year mark of owning the property.

Here is a general scope of work for a gut rehab @ $13k purchase marked as dangerous:New roof/guttersNew siding and/or tuct pointingNew windows/lentilsNew front/back porchDemoStructural concreteNew plumbing/hot water heater/fixturesNew hvac (ducts/furnace/AC)New electric + fixturesFramingInsulationDrywallPaintdoorstrimflooringkitchen cabinets/counters/appliancesBathroom tile/cabinets/countersMake sure your quote addresses all of those line items if you choose to move forward.

Below is how I am valuing properties and would really appreciate if someone could chime in if I am off the mark.

True, some turn key companies put big mark ups on their properties and price above market value but those are the ones that require cash purchases or don't allow finance contingencies.

I marked the box allowing them to contact me in the future where we will have a more in depth talk.  

@Mark Hooks, the BP site has lots of blogs and podcast that cover some of this information.