I like flat only because all my walls are so ancient, crooked & beat up, anything to tone that down is a help.

See my post here for the chart and details: The Multifamily Market Cycle Peak Is Here, It’s Just Not Evenly Distributed Yet@Douglas Dowell I too am a believer in Glenn Mueller's methodology but not a fan of his Cycle Monitor reports because they are based on where he thinks markets should be in their cycle rather than where his published methods would indicate they actually are.

If it is an REO you can check with the town to see when it was installed and when the last Title V was done.You can at least make a guess at how likely it will need to be replaced if it is ancient.

Ancient plumbing that is wasting water and will need to be replaced soon?

Foreign investors have been around since ancient times like the 80's.  

You might want to talk to a lawyer in the process and make sure some ancient "Homestead Law" doesn't exist on the books and make sure you can get clear title.

.- If you'll be an equity partner, make sure you have a good methodology for auditing the investors.

My Realtor I am working with is saying this is pretty typical type situation with Home Path properties.Question 4: What is the best methodology to go after foreclosures to get deals?

They also provide their methodology and algorithms in their documentation.

- Level of Finish- Type of House- Time of Year- Specific Building CodesBiggerPockets recently published a book I wrote on estimating rehab costs, and like I point out in the book, while it's quite possible to put together a detailed methodology for estimating costs (that's what the book does), it's impossible for anyone to accurately estimate what someone else's costs will be without knowing at least the information above.And I'm not talking about minor differences in prices.