I know you say you used various sources but how accurate do you think those numbers are?

here you go Karen --http://www.realtytrac.com/content/foreclosure-market-report/december-and-year-end-2013-us-residential-and-foreclosure-sales-report-7967Same facts without the commentary (which is accurate in my opinion)

@Jason White,My first impulse is to say no matter how much you have available you'll want to invest for income in retirement to ensure that your money is growing at such a rate that you drawing your living expenses from it will not deplete the principal during your expectable lifetime.You may want to read up on self-directed retirement accounts and other ways of being a private money lender.My personal thoughts on buying property with no loans is that its roughly equivalent to gambling in the Wall Street Casino.

After two rehabs, I would say 40% contingency is more accurate (for us anyway - I'm sure the initial estimates get better with experience).We have learned a ton on these first two rehabs and obviously still have a ton left to learn (like make sure all the bedrooms have doors!)

You'll need to do a lot more manual work than you would (or an agent would) by using the MLS, and you won't have quite as accurate data, but since you're just trying to get a rough idea of ratios, this would work.Btw, I'm glad you're doing this exercise...I find that this is the second best indicator of whether your farm area is ripe for flipping (the best being the number of other ACTIVE investors in the area).

Has anyone heard of this company and if so, are their appraisal amounts accurate?

But to be accurate, just look at surrounding comps and see what similar properties are selling for.

Not sure if the site is 100% accurate, but I have been happy with the overall experience. 

If you have questions or need more info to accurately assess the situation and share your perspective, please feel free to ask.

I have changed names and dates and location but the details of the story are accurate.