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 – 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 ARV increases.Logically,buyers like more ‘pretty-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); and üHolding the property (mortgage interest, utilities, taxes, insurance, etc.).

@Colt Campos   you should talk to @Colin Zhu  he will have some insight on what Morris victims are doing.. 

I am aware of the difference in scenarios between the US and Canada and would appreciate tips on how to use all of the tips from the podcasts and forums on BiggerPockets and apply them to the 250-300K starting price of homes in Calgary and Edmonton, AB.I am consistent in my learning efforts and would like to exchange my savy-ness in MS Excel and spreadsheets automation to help you in return for any applicable knowledge you may want to share.Thanks!

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.

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

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

Shower me from lost+ness goodPeople.

So please excuse my newbie-ness aha. 

I am a CRE advisor w/ Sperry Van Ness.  

We than lease that equity and use the cash flow and our frugal ness to invest in the next house.