Hi Chris, thank you for your reply.I do start to look at it differently after those opinions.

Quote from @Chris I.: If you plan on canceling the reservations have the current owner cancel them on THEIR account. 

@Chris SeveneyIf I was lucky enough to sell the property for $310k, then I would make about $33k profit

Great points @Chris Seveney.

Quote from @Chris Seveney: @Keetaek HonSince Redfin, open door and Zillow all basically went bankrupt trying to find deals automated - I think that is a good case study that AI and trying to automate real estate deals is not something that has been proven to be very successful.  

I have been exploring an auction happening in upstate New York (sullivan county) and am considering bidding on the property that is rural land.

Quote from @Chris Clothier: Quote from @Joe Villeneuve: If I offended someone, I'm sorry, but it's not me...it's the math talking. 

Quote from @Chris Seveney: Quote from @Tony S.: Hi all,I'm wrestling with a rehab question regarding panel walls. 

@Chris Davidson Thank you.

Thanks, @Chris Seveney, I have done that to some extent, but while I was working on my property analysis spreadsheet, I noticed the somewhat large discrepancies in my various CapEx calculations (based on the standard formulas) and became interested in finding a formula that I could use easily (back-of-the-napkin), without itemizing and predicting expenses, and that would work even in cases where the gap between ARV and Current Property Value are rather wide.