If he really sounds good, bring him in for an estimate for your next project.

I also add in all of the potential rehab costs (up to 15-20k rehab estimates), thus utilizing little or no of my own money, nearly completely leveraged.When I do that, the cash flow on these properties become quite low and I’m likely needing to reduce my offered purchase price to make my requisite 100/mo cash flow. 

I did notice their expenses were lower then I estimated, also no line item for insurance.

(if you would like to learn more about how we find, and track off-market deals check out https://www.biggerpockets.com/forums/311/topics/556219-flip-in-the-historical-district-of-downtown-tucson ) Once under contract, our construction team put together a comprehensive estimate for the remodel and our investment team began running a financial analysis and a market CMA.

My multifamily is leased out and bringing in a 45% cash on cash, with the single families once occupied I'm estimating to do roughly the same.I'm definitely excited to learn as much as possible, and look forward to meeting some interesting people!

I plan to call a contractor out to give me an estimate to rehab the house.My question is how much should I offer the bank.

You might want to check those numbers to make sure that's what you're looking forJust a back of the napkin calc shows that your month net operating income might be almost zero  Asking price $135000 Monthly payment  ~$1600 Monthly income  $1800 Water  $80 Repairs  $100   Total expenses  $1780 Total monthly NOI  $20   Keep in mind that $100 for repairs a month is probably a low estimate and the monthly payment of $1600 includes taxes, insurance, principal and interest.

The arv is my estimation but I'm waiting on comps from my agent to see how close or off I was. 

I learned info about different investing strategies & estimating rehabs and then jumped on a bus to tour 4 different flips.

So they get an offer and see the bottom line from opendoor or alike and they see profit they are happy.Now if they were provided a bottom line from and agent at real value without the excessive fees and compared that to an estimate from opendoor etc I think most homeowners would choose to save thousands of dollars vs sell a month and a half sooner.They are in Las Vegas and Henderson now as well.