In the meantime you can just stack that extra cash!

Spreadsheet template:TOP HALF OF PAGE:Addresses of comps - price - date - bed/bath - special feature(s) of house - conditionProperties listed here with dataMedian / Mean / Lowest / Highest chartCommentaryBOTTOM HALF OF PAGE:Left side, improvements since purchase bullet points.Right side, details about how/why you got the property for less than fair market value, again bullet points. 

This will help me determine what I will offer on the property.Some details, if they help:I will use the FHA loan for this.(3) 1-bed 1-bath units rented at 425 a month, 1 is vacant (for me).

OR they can continue to rent but will pay $100 extra.

I can run a quick cma for you just send me details.

To build more upon my original post, i didnt go into details as it was ny introduction and not sure how far I could go asking my questions.I have taken note and as i requested I have questions to ask for people familiar with my area.

Nina, my broker looked at rent, recent house sales, comps, etc, besides having a pool to recommend rehab and sell vs hold, among those reasons were the pool and the extra liability when renting with a pool.

This is will be our first real estate investment property and I want to make sure I am well informed of all the details so that we don't have any surprises later on, but the more I read the more confused I get.

Thanks fir the detailed response.

It came to mind that your agent could request any documentation the owner has (rent roll/expense details/vacancy rate,etc.) to assist in decision making, but I assume some people may actually make offers only from pictures, purchase price, and rents.