Unless you are buying some really low end commercial property where $800 is significant... but in that scenario I probably wouldn't do the deal anyway. 

Looks good, low maintenance.

The Low-Down on Real Estate ICOs

This process of reconciliation can be weighted anyway the appraiser subjectively determines is most accurate. 50/50 20/30/50 80/20 whatever...Hope this helps.

Pueblo has its problems there is no question about that. but i believe we can come back to a great city again, it would help if we could get our brothers and sisters to the north of us to stop looking down there noses, and start looking at what is good for Pueblo is good for CO. did you know there are plans to start the building of a new rail mill in Pueblo for $750 mil that is 3 to 4 years of jobs for contractors. i have worked full time in both Springs and Denver and anyone that says they dont have the low income areas like Pueblo are kidding themselves. 

Assuming no drastic reductions in costs then I will not do the deal for obvious reasons.

Also, without seeing the property, I would assume a 10% repair estimate is very low.

Now $40k offer price may be too low and won't be accepted, but I used the formula ARV * 65% - Repair cost to determine the MAO.

I guess I could make the argument that if you wanted to park your money, have a (relatively) low maintenance build, actually *wanted* to live there (as a person, not an investor), and didn't want any taxable income in the near term, then I could see doing it.

laminate is less expensive and is more durable  some  of the go to brands are allure http://www.homedepot.com/p/TrafficMASTER-Allure-6-...but I have used laminate from as low as $1.25 sq ft