Purchase price , rehab cost , sales price ?

@Jarrett Winston, How did you rehab your home before the appraisal?

Shane,I guess it depends on how you are going about the rehab.

I used a hard money loan with 70% ARV to fund the purchase and rehab.

I see too many wholesalers trying to "co-wholesale" other properties, or over inflate the ARV, or under estimate rehab costs. 

A house with that much equity if the rehab was cheap, would be snapped up in minutes where I invest(ed).

Are you going over the top with your rehab or keeping to the comps?

Here is the summary of my situation that requires creative thought:Location: DC Suburbs (Clifton, VA)Original sale price: $300KOriginal mortgage: $240K ($60K down)Money spent rehabbing property since 2008: $70KTotal cash invested: $130KCurrent sale price (based on comps): $430KAmount owed on mortgage: $208KPotential cash generated from sale: $($222K, not including transfer costs)Estimated Monthly Rent: $2,200Current Monthly Payment for M/T/I: $1,300 *Biggest yard and likely one of the most updated homes in a desirable community where "average days to sell" is less than 14.Now the issues:Need $100K-$150K out of the house (or via investment) in order to put down-payment on next home, which will be primary residence (probably a $600K home).I've plugged numbers into every rent-or-sell calculator out there, but always feel like I'm missing something big.

But if your goal is to keep your rehab costs low, it may be worth not doing as invasive of a project and going with the high velocity so you don't run into more problems when you start opening things up!

Get an agent to run comps, run your own comps, get your own bids for rehab, etc.