Online websites cannot give an accurate value as they do not have the required detail and data to make the proper estimate.

@Sev KamenskyWelcome.Check out the Start Here page http://www.biggerpockets.com/starthereLocate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

The worker I questioned about the price was a real jerk and told me the .99 was accurate.

If you haven't gotten feedback from those who have passed on the deal, that should be your first step...My guess is that they'll tell you that they don't believe your rehab/resale numbers are accurate.

Scott The Book on Flipping Houses,The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookLocate and attend 3 different local REIA club meetings and the local landlord association meeting great place to meet people gather resources and info.Vacation rentals can be a huge profit center.

Gather lots of rental data and get it from sources other than the seller and property management companies.

Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbookLocate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

I wish I could give an accurate figure here for how much it needs in renovations but unfortunately I really don't know.

Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbookLocate and attend 3 different local REIA club meetings great place to meet people gather resources and info.Consider checking out HUD homes for small multi's owner occupied gets first crack.Good LuckPaul

Even if he gave you accurate information, depending on your county and state, you will most likely be reassessed at sale or in the next year or two.