We are real and have a unique way of working with you. 

I would offer in the range of $65 to $69 just to cover the repairs, which places you "after repairs" with a 30 % cushion.

The property is a newly renovated house in the Hollywood Hills area where rents are relatively high (comps suggest rents will be in the $8500-9500 range) and tenants/buyers here can be more particular than in other areas.  

I saw a lot in C & B areas and your price range fits those, not A.  

Most hard money lenders will require 20-25% downpayment, so as long as you're looking for properties in the sub-$500K range, you should have enough cash to get started (that said, I like to be very conservative, so perhaps stick below $400K).As for your other questions, use the search feature here on BP and/or check out the best-selling BiggerPockets flipping and estimating costs books:http://www.biggerpockets.com/flippingbookThe flipping book actually lays out Steps 1-20 to completing your first flip (20 chapters, step-by-step). 

Pricing ranges wildly due to the different models so make sure comps are really comparable.

Buyers like so see unique, so stay away from the Home Depot specials!

I tell people who ask me for advice to run the numbers on (depending how large your city is) 20 or 50 or 100 properties in your area that are of the type (number of units, price range, etc.) you're looking for.  

There are several possibilities we are going to look at soon in the 299-425K range.

I'm looking to buy my first deal this year but have been having trouble finding a home within my price range (no surprise, hot market).