I cant figure out how to upload analysis but here it goes:Sale Price 1200004 units each rent for 485 ( currently 3 are rented)All brick 8 beds 4 bathsReal Estate Taxes 1600Insurance 1000.00 per yearCap ex:10%Vacancy:10%Repairs 5%Estimated cash flow thru anylsis 566.71I will be putting in updates with my own money.

Estimated rehab cost is around 10k, hopefully it won't change, so if they come down do you think a buyer would be interested in 130? 

Might be better to find a good contractor in your area that can do quick estimates. 

Scott's "The Book on Flipping Houses" and "The Book on Estimating Rehab Costs".

I would appreciate if anyone can help me with the numbers on my first property, to see if I'm off or on the right track.Purchase price         850,000Closing & holding cost    65,000Rehab estimated      400,000-450,000ARV conservative      1,500,0003 houses next door was sold for 1,700,000Estimated profit conservative 185,000Estimated profit in best case   335,000Estimated profit in worst case 135,000 It has also a negative that I don't have another exit plan accept selling.Can anyone please advise if it's something worth looking at?

Look at a current home for rent in your target neighborhood, find the purchase price, calculate PITI and any other expenses to estimate cash flow.

In my estimation, it appears that I would need a seasoned real-estate attorney who has done subject to's and someone else who is licensed and to originate loans?

All I've gotten is Zillows estimate, although I'm not sure how accurate that is. 

On auctions, generally there is no true way to estimate repair costs w/o walking the property, correct?  

However, a recent investor demanded to know all kinds of information about the project such as: where all of our other financing was coming from, wanted a copy of the title, a copy of the rehab estimate, appraisal, and wanted collateral.