The potential seller will be contacted and an intake sheet will be filled out to gather all pertinent information regarding the note/notes for sale.

And yes the largest house in the neighborhood, often a problem, I understand the extra footage is cheap but square foot pricing ignores the lot and quality of the construction basically and for that reason I like to basically ignore it because it is not truly accurate.

Basically what I'm gathering is that the MLS is mostly in general for realtors looking to sell a clients house to a potential home owner and not investor, doesn't mean it can't be done it just is generally set up that way.  

The exit value quoted was accurate and after some negotiations on my part, the price reduced down to what made sense for me.Deal closed today and I will update you all on the progress of this flip.

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.

Call renterwarehouse.com and they will be able to give the accurate rent rate in a minute. 

Basically, from what I have gathered from them, when you buy with enough equity (down payment) they can count the expected rent, in their estimation, towards your income.  

You would need to have a Comparative Market Analysis to be more accurate, from a Realtor.

From what I gathered, since my realtor gave me the lease in his capacity as my agent, I should be in the clear. 

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.