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.

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.

Another option is to estimate value based on potential income and market cap rates, which can give you an investor’s perspective.

If there’s work to be done he can give a pretty good estimate off the cuff.

I have another property from a family friend that is being sold  for 150k, and the estimated value is 340k. 21 acre road front property w 3/2 bath.

The property is located in Palm Beach county, Florida with an estimated worth of $850,000.

I suggest the buyer at least get an estimate of the potential tax savings. 

Right now, that fund is in ETH and is about 6,000 total which I estimate to return probably around 20% by the end of the year. 

Estimate is coming out around $7500 for materials and labor. 

Would you say 1200 is a better estimation for that area for a 2bd?