But, that gives you an idea of what you'd need the purchase price to be in order for the deal to make sense.Assuming the other numbers were accurate, and assuming you wanted to earn about 15% of the ARV in profit (about $30K), you'd need the purchase price to be no more than $115K.

I would add that your numbers don't leave much room for error...make sure they are accurate.

I suspect if you look carefully at the listing it will say "information believed accurate but not guaranteed."

Id budget for problems.With your initial numbers done I would run this thru a good spreadsheet to get a more accurate picture of the performance.

Keep in mind that the main reason we're moderators here is because we're very active and involved on the site and we've built trust with the community.So, perhaps it's more accurate to say that by staying active here and building trust with the community, you're more likely to build your network of partners/lenders/mentors/colleagues/etc. :-)

Generally, your expectation that the insurance company would try to connect the claim to the illegal activity and use that as a reason to deny it is probably accurate.  

It is important to collect enough information about the note to paint an accurate picture for the note investor.

First off, I define a "deal" (speaking of rehab flips) as one that has a real spread based on real comps and real rehab estimates that are accurate, which present a profit for the investor worth investing in.

or because if you don't buy it, they won't have any other options).I've been mailing to tax delinquent owners for years and (assuming you're working with current and accurate information) it doesn't disappoint.

Are you just burnt out from the work or didn't you analyse the property in enough detail to get an accurate scope of work.