Assuming they didn't put $100,000 into renovations, they could still see a profit with whatever I can offer.I swear I just heard on one of the BP podcast someone was saying that you need to do the spaghetti test; keep making offers and see what sticks.

It appears to me that it is required and that it takes three years of experience after getting a real estate licence and is accompanied by a test.

I tested the outlet and it was around 119 to 120.

May be he needs to find a better RE agent to help w/ more accurate figures then.

I think you're looking at it right and I think your numbers are pretty accurate.

It's basically a "truth" test.  

When you develop predictive models, you can determine the accuracy of your model by back testing its accuracy.Most people don't do (or even understand) how to develop predictive models. 

I realize it's a leap to think I can get the property for x price, or not having accurate rehab costs, but those are things I would really look into more closely during a contingency period.I'm trying to work past this whole 'paralysis by analysis' syndrome I'm currently in, but I'm having a hard time trusting myself on these numbers when the house has been sitting for months and much savvier investors than me haven't scooped it up.Thanks for any opinions

A title Opinion, if accurate, still only deals with what is recorded/apparent, Today. 

If you pass that test you get any deal you want in life..I listen hard Rock when I am doing Real Estate especially when go looking deals...