It is a consideration in establishing amounts at risk of an individual or business, as to their assets in ascertaining an amount to insure for liability coverage, but not in properties insured.

I just read a guru ascertaining a tax strategy for commercial properties.He said in order to avoid paying the large transfer taxes which result from the sale of commercial projects/properties, buyers frequently request that sellers deed their property into an LLC (that the buyer creates & pays for), and then the buyer purchases the LLC (the original purchase contract is in the name of the yet to be created LLC), instead of the actual "building" itself.

Because of what I do, it wasn't a total surprise, but I was very intrigued to the point that he was quickly able to ascertain that I was somehow involved in real estate investing.  

Since I'm wholesaling remotely, my next hurdle is find someone on the ground in the cities I wish to target who can meet with the seller and help me ascertain value.

Plumbing repairs not to exceed $1500, contract may be accepted but bid has to be obtained to ascertain repair costs, the seller may get it and it may be credited to the sale price, or the buyer may be getting a bid, not o exceed.

I'm really struggling at ascertaining realistic comps for properties I'm looking at.

- it's a 3 bd, 1 bath - 1,058 sqft on a 8000 Sq ft lot - rentals in the area are commanding about $600- 700 per month.From what I have been able to ascertain from the seller - the city is requiring the property to be raised.  

Personally, I would start by ascertaining the motivation to sell before examining the property.

The property value is over 100k+ and there is sufficient equity to make me want to get this deal under contract asap.Thanks for all your quick replies guys.You need to ascertain and understand the entire heir picture.  

There are also exclusions to consider under some policies when it comes to cosmetic issues (trying to get the roof to match or look as certain way).