So make sure your value estimates are accurate. 

Is this an accurate reflection for the ARV? 

Built in equity from a turnkey company is not only more difficult to achieve in the current climate, but it is even more difficult to determine if the claim for built in equity from a company is accurate.  

@Dmitriy FomichenkoPerhaps my description isn’t 100% accurate but I did have the transaction approved by my 401(k) provider, a real estate lawyer and my C.P.A and have a lot of confidence in my team.

I am not sure how accurate this is as I don't have any mortgages in Germany. 

It’s very important to understand that not all counties report this data digitally - so just because you are getting an immediate report back from a service does not mean it is thorough or accurate. 

Check out www.rentometer.com for rents, it's pretty accurate in my area and that's how I came up with the $550/month number for this place.

@Ryan HallWelcome to the site.Flipping properties is all about finding the homes cheap enough on the buy and accurately estimating your renovation budget and exit price.

Also less than market... then they also tag a market value to the property that is generally pretty accurate for county work, condition of the property not withstanding.

For someone who isn't experienced at evaluating the repairs ($) need for a home, is there a check list out there somewhere to help with newbie wholesalers so that they can give a more accurate dollar amount on what needs to be done to the home?