@Bruce RogersSeems accurate, Grant Cardone is a pretty jacked dude himself..

Give me an address, a size and a front of structure photo and I can sketch out the floor plan with dimensions, and with interior photos I can complete 90% accurate repair budgets before visiting the property.I have tracked every sale from cradle to grave, and every investor working my area on every project over the past two years.

Get good at making every figure as accurate as you can before you pull the trigger.  

I was sort of shocked to see this popped up, thanks for the kind words.We've set out to make compliant tenant screening for property managers and multifamily owners dead simple and super accurate.

If you look for totally performing properties that are throwing off cashflow all over the place, they are likely to be overpriced.The caution is that you need to have a really accurate proforma.

If so, would you say it was an accurate reflection of the actual return?

To get an accurate (probably high) estimate of the per month capex costs over the twenty year period that we plan to hold the property I went through everything in the house (using @J Scott book) that will likely need to be replaced one or more times prior to reselling the home.

I'm not sure she had a fully accurate understanding either.

Have a detailed total project cost breakdown including a reserve for unknown developments so you can accurately predict your costs and expected profit- and show your lender they are always protected.3.

That is doable at the $150k exit level so as long as your numbers are accurate, you do have a deal.