There is a lot of useful data on this site for all aspects of real estate investing.

If there's that big of a gap in this price range, and you can't tell from the data yourself yet, then you need to get multiple opinions by the right people.

One way to do that is to learn how appraisals are put together, the guidelines of fannie and FHA, and what data could be used in the appraisal.

We also resealed old holes from cable TV & Telephone wire entry.

Let the data guide you.

Put the variable data into a spreadsheet and link it to the letter using mail merge.

I've found some great info such as this -http://sohosandiego.org/histdistricts/historicvalues.pdf -Does anyone have similar data?

I purchased this property about 30% below market value as the seller was ‘highly motivated’ and will put another estimated 10k into the property by redoing the floors throughout the entire house, painting all the walls, updating the bathrooms, changing out the entry doors, light fixtures, and finishing the laundry room.

Gather lots of rental data and get it from sources other than the seller and property management companies.

I was looking at a retirement city that has 25% vacancy rate.Here is some other data:-population 21k-population growth 14% (since 2000)-median sales price 129k-year-over-year return -12%-quarter-over-quarter -14%-sales price 5 years ago 192k-2006 sales price 270K-median rent listed 1250$ (-22% change since a year ago)I like the fact that there's definitely room to grow (between 2006 price and current), however I am concerned about 25% vacancy rate and decreasing rents.