Then tell the agent to run comps for ARV based on updates you do.And you also said you can't afford to lose $20-30k, the most seasoned flippers/investors lose money all the time, and ultimately that is part of your education costs, hopefully you don't make any costly mistakes, but you have to run your numbers well enough to make sure there is some 'ooops' fund to help shield you from that.As for comps, typically, appraisers want them to be in the same neighborhood, within 15% same square footage, same # beds/baths and age.

Here's how I do my due diligence:1) Portfolio matching: (takes 30 seconds per deal)a) Have an educated opinion on where you think we are in the real estate cycles (financial and physical market cycles)b) Then only then pick the strategies, capital stack, and specialized asset subclasses that make sense for that opinion.

Uses the common rents on the 1007 rent schedule of the appraisal to approve based on rents.As long as you can show a .85% DSCR or above on rents to PITI your good to go on the approval.  

@Leif Norris it is interesting, based on your post, the former owner lost it to tax sale at least once before. 

Definitely talk to a Florida based real estate lawyer if you are unsure what to do though, a quick phone call to one shouldn't cost you anything.

Any profit the investment receives is returned based on this percentage of ownership, and the IRA would be responsible for its percentage of any expense associated with the investment, too.

Rare combination that is hard to match. 

I have to insure them as "123 ABC, LLC additionally insured "me"". or EVERY loan company is saying "hey .... the insured does not match our records on your loan ."

For example, if you are pulling data for pre-foreclosures then directly web scraping the county foreclosure website will be as up-to-date as you can get.You can use sites like Browse AI to set up a scraper without code and have data written to a spreadsheet.

Select a specific area of real estate that matches your goals, preferences, and willingness to take on risk.