They bought during the bubble years but besides the siding there's nothing else that needs to be done.I appreciate everyone's input.I'm sure you know, but the "50% of what previous owner paid", while a nice fact, is still pretty meaningless, and you should be comparing to the current MV supported by several good comps.

That might seem scary, but run one of the numerous retirement calculators and that number might look achievable compared to the numbers they cough up.

Also, Hawkeye does not charge any money upfront (except maybe a $49.00 fee, don't remember exactly) which was nice compared to other similar companies I looked at that wanted $1,000-$2,500.

You need to compare the rents to the price of the home.

Contract Law 101No contract exists without consideration from both parties.Legal Elements of a ContractThe essential elements necessary to form a binding contract are usually described as: • An Offer• An Acceptance in strict compliance with the terms of the offer• Legal Purpose/Objective• Mutuality of Obligation – also known as the “meeting of the minds”• Consideration• Competent PartiesConsideration is an essential element of any valid contract.

@Simon Campbell : what is the difference between a BPO/Brokers Price Opinion and a CMA/Comparative Market Analysis, which I can get from a local Realtor?

You didn't give any rental info, so it's hard to compare selling to holding long term.

Is there someplace to compare the houses to "TODAYS" prices, not years ago?

So #1 importance in this whole thing is being 100% absolutely positive in the final ARV amount, confirmed by at least 2 different real estate agents and supported by at least 3 comparable SALES, sold within 3 months and within half a mile.

If you relied on comparable recent Sales, this could be a major mistake for many, many reasons.-- Have you personally and thoroughly inspected each property and then made a detailed list of all the repairs and improvements you feel is necessary.-- Have you put numbers to the costs, delays, and holding costs?