Many sellers can feel the asymmetrical knowledge at play, and appreciate it when you are open with them.

I will play with those numbers so I get a better feel for how they correlate.

Of course location, supply and demand all come into play as well.  

It is important that the detectors are operational.The extinguisher was operational so being 3 years past inspection played no role.

Do you first find a buyer and then flip the property or play it safe and wholesale the deal.

Long play for appreciation seems ok, many people on west coast do appreciation over cash flow.you might want to plan more Maintenance costs depending on age and condition of roof, siding/paint, furnace, water heater, plumbing ectProperty management for 8-10%, unless you will manage yourself

If either #1 or #2 are in play then you want to send an immediate signal that you aren’t defenseless.

He’s doing some marketing specifically playing up the fact that a cabin in the woods is a pretty safe place to ride out something like this... haha... sad but true.

Now that you have $X, $y, and $Z, you can play around with the offer price to see what the return would look like. 

Purchase price: $187,000 Cash invested: $15,000 abandoned house, FHA Renovation loan thru credit union, 90% repaired in 60 days, cashed out with a heloc to buy another property, and am cashing out again now at 6 months with a refi to go play in the big city next.