Pad your estimates, or you could end up buying something that you can't sell to anyone.

It won't let him take advantage of depreciation and deductions, but I'm really not sure how I can accurately estimate those things each month.

Have a good estimate on the ARV so when your refinance the deal the new appraisal should be close. 

Is that an estimate for a tiny house?

Based on my limited experience attending this particular tax sale, the difference in the purchase price on the two properties would likely be pretty close to my estimate for the difference in repair cost.I am now wondering if I would rather have a property that I have to drive a long way to meet contractors occasionally, or meet contractors regularly close by. 

The projects are estimated for 5-6 months turnarounds with teams already in place. 

The initial estimates were that it would cost 80 to 100k to renovate the property.  

I plan to file in the next day or so when I have a chance and we'll see where it goes from there. 

In this heated market, you might not have motivated sellers i.e. low chance of getting better seller-finance terms. 

Please join us sometime if you ever have a chance.