There’s way too many unknown variables .

Agreed, unless you've got the experience and know-how, asking the listing agent to dual rep the transaction is riskier than using your own buying agent, there are a lot of unknowns a good agent can help with.

There are far too many variables and unknowns for any of us to answer this completely.

Just like you don't know what it costs to fix it, a lot of other investors don't know either, and no one likes an unknown.

We offered $48K based on the unknown repair costs (we haven't walked the house yet).

Unknown if the current location would allow to pay for permits and inspections to make it legal.IT also might be pre-existing lots or structures that were legal when created or built but would now be prohibited or restricted under current zoning regulations or building codes may be called “legal nonconformities.”Other terms in this arena:Granny flat/ accessory unit= generally an additional unit that was installed back in the past and city planning allows it to stay BUT maybe you cannot get insurance to ever rebuild the same configuration.What you need to find out is: What does planning have on the books as existing.

This is a big topic amongst appraisers these days, and is still kind of an unknown black box.

We have also consider going to auctions in the future, but we would like to get a few more flips under our belt before we take on the unknowns with auction houses.  

I’m in Columbus, and yes the unknown issues are always scary.  

There’s a lot of other unknowns right now with how this stay at home order will affect real estate closings too (for example final walkthroughs).