And I don't think anyone would argue the recourse-ness/non-recourse-ness of the of loan. 

An investor discussion would be, like many of the others in here, where it's a debate about the realities of the situation and why people are buying RE without enough knowledge right now.The culture of Bro-ness these days is about everyone agreeing and not challenging each other and just being a good Bro, but that leads to terrible decisions because no one feels like they can call anyone out and be honest.

If there was any fishy-ness, I figured it would come up in the title search. 

I think it's like the Loch Ness Monster or similar character.  

The deal fell through My only guess is that the seller got wind of the "hot-ness" of the market and decided to sell the house herself.

@Andrew Postell I'm rereading this and forgive my noob-ness here.

For even more accuracy, we choose to only use comps that are 1/3 mile away or less, with sales dates within the last six months.Sometimes, even the street can make a difference in the value of a property.If the only comps you have are on very nice streets, but the house you're considering is on a very "distressed" street, then you have to reduce the ARV.How much is an appropriate reduction is a judgment call on your part.You'll want to base that call on how much of a discount will be necessary to entice the final owner/occupant to buy this property over one they can get on the "better" street.If the comparable sale that you are using is too different from the subject property, then it is of little value.If you use it in your sales marketing, you’ll lose credibility with your Investor Buyers.An example of a poor comparable is when your subject property is an old cottage fixer-upper, and you compare it to the sale of a brand new in-fill (an in-fill is a new house built on a vacant lot in an otherwise established neighborhood).Rehab dollars vary according to level and detail of the job â everyone has a different formula.As a wholesaler, we suggest a middle-of-the-road approach for estimating enough rehab dollars to get the subject property to look like the comps.You'll need to spend more on rehab as the ARVincreases.Logically,buyers like more âpretty-ness', higher-end fixtures, cabinets, etc. when they're paying $200,000 vs. when they're only paying $100,000 for a house.Buy/Sell/Hold costs are all of the costs associated with:üThe purchase (loan origination fees, title insurance, attorney fees, survey, appraisals, etc);üThe sale (real estate agent commissions, marketing and advertising, closing costs paid by the Seller); andüHolding the property (mortgage interest, utilities, taxes, insurance, etc.).These costs vary greatly for each buyer, but our experience shows that a Buy/Sell/Hold cost of 15% of ARV (0.15 times the ARV) is a safe number to use.If you wholesale the property, you may never purchase the property.In this event, all of these costs are passed on to your Investor Buyer.Therefore, you can subtract your additional B/S/H costs from the MAO formula.