Be prepared for a property inspection to verify things like condition and to provide supporting documents to show any deficiencies or obsolescence which would contribute to a lower value.  

@ Tim Saboha you must not have ever read any of the previous lazy landlord postsThe series is mostly dedicated to the novice DIY person Strategizing how to tackle jobs that are do able but can seem dauntingThe first where I painted one of the same houses that I am now considering farming out.The lazy in lazy landlord is tongue in cheek.Although I am prepared to do what I can in a property as I acquire more It becomes less efficient So the series evolves as my business model evolvesPerhaps I will paint some and not othersAnother thing to consider A great painter can make a house look stellar where as a novice can make it look quite cheapI have an extremely high standardMy apartments usually are the best in town for the money.My profile pic is my latest apartment By the way I did the floors.So don't take me too seriously In just doing my part to share my experiences in he forums 

This way you'll be better prepared for future estimates and have some concrete evidence of costs.

As I do not want to surprise my tenant, I would like to be prepared for her potential reactions - ranging from "OK" to "wow I will cancel the lease."

I am prepared and understand that I may have a difficult time getting started.

I'm fully prepared to do a double closing where there's two sets of closing costs but I try to talk to the seller to redesign the deal so there's 1 closing only if the TBer has confirmed financing

But, I will warn you, if you go the wholesaling route be prepared to market like a mad man and set aside an actual marketing budget.

I am preparing to begin flipping houses.  

I learned this: you need to know what a good deal is and be prepared to jump on it IMMEDIATELY.

HiI am preparing a DM campaign and just realized that a pretty high percentage of my list are family trusts.