I can tell you where he is: no where.If he does not have an offer, then I can guarantee that he has not gotten very far with the lender...unless it is a local bank.Let's take a giant step back-wards.

If you are kind to the staff they will bend over backwards to provide you with the blanks; in fact some Counties offer them online to print out.

Basically you are working the deal backwards to see what makes sense for you as a net on the deal, and then decide if this will allow a good enough return to satisfy the money source.

No one on the outside had any visibility to know that was happening.I know it is human nature to look backwards, but that is not how you manage investments.

(I'm using GoDaddy)Or do I have it backwards?

Don't get the two programs backwards. 

Find a good inspector that is trusted by professionals in your area and get a good pulse on the effective life of your big ticket items (Roof, HVAC, HW heater, etc.) and calculate out how much each will cost to replace, then do the math backwards for what you need to put aside for CAPex and maintenance. 

If comps are going from 70k-135k, I would use the 70k figure as your base and then work backwards to see what the total rehab cost would be.

Backwards.

You've actually got it backwards.