--> This is one part I'm struggling with - how do you accurately, but with safety margins, assess the amount of money a rehab will need?

I don't have them with me but I got more accurate #'s, evaluated my options, and decided to move forward with the project.

A verification of the first mortgage directly from the Mortgagee or Servicer would be the best most accurate information.I notice you are BC - might be a little different up there, it's not clear where the asset is located.

May be he needs to find a better RE agent to help w/ more accurate figures then.

Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbookLocate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

I think you're looking at it right and I think your numbers are pretty accurate.

Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbookLocate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

That is a good way to gather information and be warned of anything out of the ordinary.

I realize it's a leap to think I can get the property for x price, or not having accurate rehab costs, but those are things I would really look into more closely during a contingency period.I'm trying to work past this whole 'paralysis by analysis' syndrome I'm currently in, but I'm having a hard time trusting myself on these numbers when the house has been sitting for months and much savvier investors than me haven't scooped it up.Thanks for any opinions

A title Opinion, if accurate, still only deals with what is recorded/apparent, Today.