Or should I buy a house from auction that I probably could purchase it for less that estimated vaule.

Now the post test reveals I have pvc sewer line leaks under the concrete foundation. plumber has found multiple breaks in the line which need to be repaired and has provided an estimate for tunneling under the house and replacing entire 45ft main line!

If it is new construction usually the Project Manager or estimator would draft a material list.

An important thing to note is to learn how to calculate estimated closing costs.

But on that note I do use about 4 different data sources for comp'ing the property's rental price estimate for my clients.

With an estimated annual revenue of $59k, it consistently ranks in the top 10% of Airbnb listings in the area, outperforming similar properties by 17%.

I paid an estimate of about 25k for each in cash.

Since you estimate a resale value of $200-215K and renovation costs of $60-70K (although you said that's on the higher end), your margin is tight, especially considering closing costs, realtor fees, and unexpected expenses.

You need to get contractors in and estimates done.

I still have a full-time job, but my goal is to start with 1-2 flips/year for the first couple of years, then ramp up to 5+/year.Right now, I’m focused on learning as much as possible—market analysis, deal sourcing, estimating rehab costs, and raising capital.