You can keep the knowledge about the current place to yourself as a form of dramatic irony lol.

I have read a couple books and even to went to a "Guru" seminar but for additional mentorship from the guru I would've had to pay $2,000 dollars and quite frankly it seemed like a sales pitch more than anything else.I was even nervous typing this first post, but I know if real estate investing is something I want to do then I must take actions towards my goal and network with people anyway I can.So if anyone has any advice for me feel free to comment, I am currently looking for a second job to increase my funds for investing and marketing and also available to help to any wholesalers or real estate investors in any form so I can gain more knowledge of REI.

I think as others mentioned, using it for the Sold values and then building your own estimate is the only really useful tool for zillow.Before finalizing an estimate for ARV I always check with one of the real estate agents that I have networked with to get their estimate and then use that to further my knowledge of the local market to improve my own ARVs.

I know Real Estate but my knowledge for the most part lies within the wholesale arena.

Can anyone with knowledge of the area verify if the rent estimate is reasonable?

But don't come here, I want it all to myself ;-)It's feared by many but only due to a lack of knowledge.

Not every text is urgent. 4) ARV is an acronym made up by rehabbers/wholesalers, and is no indicator of real estate knowledge.

Greater Houston is a great place for real estate investments given the deflated prices compared to other US markets & the impressive population growth.Here are a few tips in this market:- lack of zoning makes knowledge of subdivisions(neighborhoods) VERY important; so know your numbers by subdivisions, i.e DOM, avg sales & rental price per sqft etc- market in Houston below $150k is overpopulated right now- too many people & too many transactions- so don't be fooled by recent sales data since they may be inflated; true value of SF investment properties should be driven by cap rates; SF rental market in Houston in north of 10% cap rateLet us know if we can assist on any way- we provide data to help investors find their own off-market deals.

If you buy a house to rent out you will inevitably need a slush fund to pay for the unexpected hot water heater failure, etc.Once you get a few wholesale deals under your belt you will understand the market better, have met a number of other investors(check out your local REIA to meet them) you can learn from, and better understand alternative methods of investing to move forward.Keep asking questions and reading posts on BP and you'll have a wealthe of knowledge.

Just curious, the above responders have much more knowledge about possible recourse than I do.