Below is pulled from your site.

I've used the site below for quotes in Florida.

In SW Florida, houses that don't have major issues such as Chinese drywall appear to be priced about 10-15% below average retail asking prices.

Me personally, I like to stay at 65% of ARV and below.

This is pretty tight, as many investors like to be at 70% and below (depending on the area)You have to make sure no major repairs are needed so that you can keep most of the profit in your pocket.- This is what you do.Have a local real estate agent pull sold cash comparables in the area within the last 90 days.

Below are the summary of the 5 properties that we currently have rented.

Trey your on the right track but you should be able to reap the benefits and limit your liability as well.In CA, we have this form below that basically tells a seller that you are not representing them and they should seek legal,tax,etc. counsel if they need it.http://www.wrightrealtors.com/pdf/non_agency.pdfThe good thing about TX, is that the laws are much different and the disclosure requirements are much less.

My net worth, according to the program is an incredible number, but well below zero. :)Anyone has experience w/ IBank and tracking a more accurate net worth, etc, in regards to REI?

Two banks have failed to start off 2014 (one outside Chicago and the second in Oklahoma). 2013 ended up with 24 bank failures half of the prior year well below the recent peak of 2010 (157 bank failures).We will have to see how 'relaxed' the banks are now with the lending policies.Any comments/experiences?

It should rent for $1,200.My sister-in-law is concerned that their creditors will take them to court for selling below market value.