Since I do this full time and it's my main source of Capital to support my Family (Wife & 2 Kids).

Still $20k out of pocket, but less than the $40k.My main concern with investors taking on ACV is that their agent has not walked them through all of the claim examples for the investor to make an informed decision. 

We’re in Phoenix/Scottsdale area and I had the idea of killing two birds with one stone, mainly to wet my wife’s appetite for money, income, and FI.

My main piece of advise : As a new investor it can be really hard to wait until you have the capital to get started with something worthwhile, so focus on your research and on building your analysis skills, focus on the numbers and doing conservative math (ie don't include rent increases or appreciation, which are never guaranteed).

I live in brewer Maine I have 27 years experience in carpentry and very good at what I do I would like to start flipping homes in my area I'm looking for an investor to help me get started I have not located a home to flip but currently looking

Some elements to consider are:1) Do you have the capital necessary to execute the renovation plan?

I would not use Zillow and Trulia as a main resource - but rather dig deeper as they are third party websites and despite being owned both by Zillow, Zillow can still be very OFF on valuations.2.

My plan is to save so when the year is up I can get into another in the area, again for 3.5 percent down.My main questions are1.

Auction.com has an estimated ARV of $600k, but we are taking that number with a huge grain of salt since any comps close by seem to be more around mid 500s.A quick plus delta of the situation as we see it:+ great location (corner lot, water front on a small lake, good neighborhood with very nice neighboring properties, close to main road).+ REO with a motivated bank seller (assuming they will be dropping their minimum each time they put it up for auction?)

My main concern is that I don't know the weather/water patterns there well enough to know if the issues called out on the report are super worrisome and will need to be repaired ASAP or not.Thank you all in advance!