Homewyse strongly recommends that you contact reputable professionals for an accurate assessment of work required and costs for your project - before making any decisions or commitments."

I'm not gambling.

Looked up the house on Zillow, info is lacking, shows it was pulled a few month ago, not accurate according to MLS.

The water furnace for both homes is in the garage behind this house.Zillow listing for 1424 sq feet2) 2 bedroom and 1 bath (1,424 sq feet which I don't think is accurate): Needs a lot of work but it is salvageable. 

Once you've figured out what the ARV is on the house, you'll need to accurately estimate how much the repairs will cost to present to your potential buyers.

My wife does an excellent job of tracking these things so it will be interesting to look back and see how accurate we believe we are. figures don't lie, but liars figure

Hi Brooks,There are really 2 ways to evaluate a single family fix & flip:  70% RuleDetailed Maximum Purchase Price Analysis70% RuleThe quickest way to analyze a flip is to use the 70% Rule, which basically allocates 30% of the ARV to your Buying, Holding & Selling Costs and Profit.70% Rule Formula:   Purchase Price = (70% * ARV) - Repair CostsExample:  ARV: $200,000Repair Costs: $50,000Purchase Price = ($200,000 *.70) - $50,000 Purchase Price = $140,000 - $50,000 Purchase Price = $90,000Detailed Maximum Purchase Price AnalysisThe slower, but more accurate way to analyze flip deal is to perform a detailed Maximum Purchase Price Analysis.  

There is no way appraisers are this accurate.  

Either way ( up or down) this is shaping up to be interesting indeed.http://www.ladowntownnews.com/news/a-downtown-condo-gamble/article_6a3b2ffe-97ad-11e5-a02e-17abc4cffc7c.html

Etc...And then I use the data from those trends to modify my future estimates/predictions to make them more accurate and precise.Saying, "it's just luck..."