Please analyze my method of coming up with an ARV as I am not familiar with the techniques an appraiser would use.First, I pull comparable home sales, listings, and expired from the last 6 months within a quarter mile of my subject property.

I found a few lately at or under $100k that rent for $1100-1400, in southeast aurora alone.

I also had no choice as I live 250 miles from the property in question.My main goal here is present my scenario so you guys can spot anything that may look "abnormal" so I can learn few tricks in detecting red flags.For example, the questions that Jim asked didn't crossed my mind, which, is the price/risk of being a newbie.

I am only interested in South East Texas.Thanks in advance

That is absolutely insane unless they have to run it for a mile to get to your property.If it were a flip I would rework the well no question....

all of the houses in 1 sq mile are cookie cutter 1950's brick ranches. that street in particular is no different. lawns are nice, very nice looking on the outside. but when you go inside, 80% are still stick in 1970's.i am trying to post a picture of the windows, to show how bad they looked. these are steel pan windows that had rusted over the years and moisture was killing the window. cold air was leaking and furnace bills were sky high.seems like the picture is huge and have no idea how to resize it.

Lease purchase will only give you certain mileage allowance (15k miles), so you might want to take that into consideration.

A high-end hotel going up now with 200 rooms and scheduled 40some townhomes about 1 mile away.I'll be buying owner-occupier.

I'm a new realtor but I always thought that to pull solid comps on a subject property, you only looked at similar properties that had been sold or closed within the last 60 to 90 days, using a half-mile or so radius.

I'm currently working in Royersford, PA, about 30 miles west of Philadelphia.