Not where it needs to be to get full price at the moment.

It is a four bedroom, two bathroom, split level house needing approximately $20-30k of repairs.The purchase price is $177,500. 

Also worth noting, after some quick searches, there's not really a whole lot of promising properties near me going for that price range.

There is always insurance out there....it just may be at a price that's drastically more expensive than you think you should be paying.

When it comes down to it, a letter usually only overcomes small differences in price and terms.

One strategy I've used is offer a higher price and ask for closing credits to buy down the loan and negotiate once it's in contract for credits on repairs. 

Median price in Tacoma was around $150,000 in 2014.

Something I've observed for many years is that the price of housing in the Boston area has skyrocketed. 

That is a small price to pay for a good tenant who stayed a long time.

.- Adjusted Purchase Price/ Max Bid: $210,840.80- I start with the 1% rule (thus why I start the analysis by looking at rent) and then adjust the price based on the potential pay-out from a cash-out refi and equity position on the property- more on this in a second. - Potential Investor payout (15%): $242,466 - Rehab total: $76,480.00- I just used $40/ sqft for an estimate.