The buyers agent that I contacted was really unhelpful when I requested assistance in assessing its ARV.

There may be special assessments which change the rate slightly.

He owes 167K on the house.Bedrooms: 4 | Bathrooms: 3 | Finished sq ft: 1,764  | Lot size sq ft: 11,775 | Year built: 1952  Tax assessment: $167,100 | Last sold date: 08/22/2007 | Last sold price: $195,000.

We are not confident yet in our assessment of fannie/freddie requirements, so would be looking to an expert, maybe such as yourself? 

Up until that point though, for analysis purposes, I would plan on a re-assessment based on either purchase or appraised value.....

The two of us will need to come up with a way to keep the property and the progress we made from getting vandalized.

Hey team,I have a question on how to read the data from the assessment website. 

But then, I start thinking; how much progress can I actually make from doing this?

Common pitfalls are poor underwriting, poor risk assessment, being over zealous, sacrificing prudent lending practice to gain an edge on competitors, no take-out for you loans, lack of available capital, over-promising borrowers and not delivering, improper loan documents or the absence of material docs. 

Even 100% financed at 5% you would still be negative $31/month.When assessing a properties potential to cash flow as a minimum it must be positive based on a calculation using 100% financing.