You can buy one at most hardware places for fairly cheap.

I then search Zillow and craigslist to see what is available use all this to determine a fair price.

If he put some skin in the game, would that make it better, or would this still be a low return considering the risk?

That's also assuming a heterogeneous property mix where there's already a fair amount of mid and high rise.

Is $50 fair?

Everyone wants someone else to pay for everything that happens to them as if there are no such things as accidents and there will always be someone there to pick them up when they trip and skin their knee.

The home is fairly new, 3 years old.

This would allow me to have a maximum of a 90.7k note (offering 113k), so the P/I payment would be $544.NOI: 1400-544-756 = $100/monthI offered 110k (which is roughly 75% of ARV-Rehab), and what I thought was pretty fair considering the work that would need to go into the rehab. 

Flood insurance is underwritten by the Feds, unless this has changed, so the rates should be fairly standard.The elevation cert can help narrow down the risk rate because it gives hard data for the property.

Find a guy or guys you can trust, treat them fair, and they will blow you Fing mind.