Let's say they have eyes on it for 5 days straight at $75/hour?

I pulled the taxes straight from realtor.com- should I go about it another way?

Overpaying and then hoping you can either cut costs in the rehab even after you have run the estimator or sell for a higher price than the comps support is a sure fire recipe to come up short.A few things about fire damaged properties. 

It's best to have the funds go straight into a clean un-used bank account/ don't intermix with your primary checking account. 

This will cut down on holding costs.

@Jem Thompson I am going to give it to you straight, coming into the Mpls market, going from 0 directly into multi-unit housing, is of the absolute HIGHEST risk level and stands a near 100% certainty of running into some significant financial impacts.

@Mark DiRenzo I’m no expert, There is also a thing called Home Equity Investment, where a lender loans you the cash in exchange for a cut of future equity.

Once I paid off her bank I cut her a check that she never cashed, very strange.

The sub-markets of any city are where you are going to better pinpoint cashflow v appreciation although the greater metro market indicators are still important.For example, there are neighborhoods in columbus (the higher appreciation city, typically) that will have little or no appreciation and just straight cashflow just like there are neighborhoods in cleveland (the lower appreciation city, typically) that have great appreciation potential because of sub-market trends.  

When you find a property that hits your criteria and you physically walk the property, go straight to the basement…it can tell you a lot.