With all due respect to those with another view, which may serve them well, it's not just about access to the MLS.

For cap ex, you can create a spreadsheet for all the building components, their cost to replace and divide each by their respective lives to estimate monthly/yearly cap ex.  

The ARV  is going to be over $400K and $1.9million respectively.

@Brian Gibbons your advice  above refreshingly sounds like the material I have been learning so far with respect to low equity houses/lease option, I have a friend in mind in that motivated seller kind of situation.  

A lot of forum members are very knowledgeable in their respective fields related to real estate investing, whether that is real estate sales, wholesaling, flipping, rentals, lending, self-directed IRA and Solo 401k investing, or tax and legal guidance.Discounts on some products and services are offered to BP members: https://www.biggerpockets.com/perks/proIf you haven’t been to it already, you might want to check out the BP blog: https://www.biggerpockets.com/renewsblog/The site has quite a few tools that can be helpful for new members.

Well, let me begin by telling you how little respect I have for most HOAs.  

@Victor Chico Respect your opinion, of course, but I'm an infectious disease person by education. 

The first cash flow camp likes to argue that the second appreciation camp are all speculators, but I respectfully disagree based on my personal experience. 

Hi @Kyle FosterI am over here on the east coast so I will respectfully disagree with the sentiment I have read thus far on this forum. 

I know a couple of people who would most likely consider doing investor financing (Maybe not 100% investor financing) with me, people who would respect me based on what I have achieved so far in the field.