Is this accurate?

If so, what is accurate?!

Out of hundreds of real estate clients, I think I have 3 that go to these lengths AND do it accurately.

All valid replies and accurate.

So I guess I am taking a gamble if I kick him out in the next 1-2 months. 

Don't allow financing or a finance contingency (it can be a good indication they are selling above market value) Don't allow for your own independent property inspection Are not realistic with their pro forma's (i.e. they don't include vacancy or maintenance projections or use unrealistically low vacancy factors) Require you to pay for any renovation upfront Sell only in cheap. low end neighborhoods Don't accurately represent the neighborhood/property classification Don't have consistent rehab standards for all properties Don't provide a scope of work for the property Can't provide references of repeat investors Hope this helps.

If not, as you know... there are so many variables that can and will throw off the results that the data really isn't a fair and accurate test.  

It's definitely not an exact science, so it's hard to be confident that the number you come up with from your comps is accurate. 

He wouldn't be able to accurately give me a receipt based breakdown, because he doesn't necessarily have a receipt for each and every item.

It doesn't matter how the comfort letter is structured, the lender will try to find some way to collect against the CPA.The only type of letters like this that I've written go something like "I've reviewed or prepared their tax return and it is accurate to the best of my knowledge based on the info provided to me."