Account Closed If your ARV and repair cost are accurate I wouldn't turn it down.Frank

Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbookLocate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

I'm struggling in finding resources on how to effectively and accurately calculate the value of property as well as AVR.

Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbookLocate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

From the information gathered and the sight of the property, they may be renting in order to wait out the market (maybe upside down?).  

Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbookLocate and attend 3 different local REIA club meetings great place to meet people gather resources and info.

Get quotes for insurance, figure the actual taxes, etc. to get as accurate expensive data as you can. 

That will out perform all other investments that I have.One suggestion is to keep really accurate records and account for things correctly.

If your rehab costs are accurate (seriously, get an estimate) and you can present a good deal to a buyer with this info, then who cares?

So, the DOM might appears to be several weeks when in reality the property was under contract in the first day or two.If you want timely and accurate data about your local market, you need access to the MLS (or access to someone who has access to the MLS).