The house has an estimated value of 160K.

The only real use for cap rate is to estimate how much you can sell the property for when you go to sell one day.That’s not to say that the threat of cap rate decompression isn’t real—it is.

Will be happy to connect with you DJ to discuss estimated costs of repairs. 

Eliotandme.com is way, way off on their estimates of my properties. 

Especially when it comes to estimating rehab costs!

Based on my estimation of costs, I calculate that my total costs excluding the mortgage payment is about 66% of the total rental income. 

I want to know from other investors, especially ones that work with wholesalers, if what I am planning on providing investors is overkill.Once I have a signed PSA, I plan on:paying for a title check (to make sure the title doesn't have any unexpected liens)scheduling a home inspectionhaving a general contractor provide a renovation estimate (labor & materials) for both a fix-n-flip and a rental renovationAn ARV appraisalI am planning on compiling all of this information, along with a copy of the PSA, a full RentFax report, pictures of the property, and a video walk-thru into an "investor packet" that will be emailed to my investor list.

Property estimated value is 213k and I know I should try and offer 70k for it.

First of all I have not estimated and received an investment yet mainly because when I had that medical accident and I am still bedridden from some medical problems I have had them at age 54 but I'm 61 now but I am  still thinking that I will recover someday. 

As you build up confidence in your rehab estimates and demonstrate a successful business with your portfolio, the bank will eventually give you 1. lower interest rates, 2. higher rehab budgets, and 3. more opportunity to take on additional risk as they trust your knowledge on making sound decisions.2.