You should contact @Richard Gamble on BP - he and his wife have rehabbed several properties about the same size as the house you are purchasing - to me the estimate seems low for a 900 sq foot house.BTW - Just had lunch again at Gus' and it was even better service than before.

@Matt Scott  your being very much a contrarian on how most of the BP investors think and act.most of them their tag line is "cash flow is everything appreciation is gambling". 

Also, many of the homes in the North Richmond area are pushing 100 years old, so maintenance is a gamble.

It could appreciate but I consider that gambling.

Why do people play the lottery or gamble in Vegas? 

I log everything in a spreadsheet so we aren't spamming the seller for the same property.2.

After my initial post and having the problem I decided to watermark my images with owner and a yahoo address that I have that I don’t care if I get spam to.

It's really just a way for craigslist to hide spam.

Market timing is akin to gambling IMO.Make good fundamental choices and over the long term you will turn out to be right more than you are wrong.

I know I could theoretically force appreciation through basic value-add improvements, but I'm just scared that theirs a ceiling on those neighborhoods and if I take the gamble with 15k in rehab, that it will never appraise at 100k.