I do know that in our area, if the estimates for repairs and ARV are accurate, that listing would be in a multi bid situation and sell for probably at least 10% above list.

So, if an comparable REO sold for $221K, then you have a avery good shot at purchasing the home for this amount.Using your numbers:If $330K is an accurate distressed comp, you will be lucky to get it for 80% of FMV less repairs (if repairs are other than cosmetic).

Zillow, Trulia, Rentometer, etc all have data on recent sales, market rents, trends, etc.That said, if you're trying to get more general data on larger areas -- cities, metro areas, states -- and if you're trying to extrapolate future trends, it's not going to be as easy as going to a website and spending a couple minutes looking up data.To get an accurate long-term view of real estate trends for any area the size of a city or larger, you're going to need to spend a lot of time researching, gathering data and parsing that data.

With my one rental unit I currently have I would say this 50% is pretty accurate, however, that is without taking into consideration an emergency fund for unexpected cost($100 month).

So for me total homes owned = total deals completed.Your job is easy and your method of counting would be accurate in my book.

If it is an appreciating market, you may consider that as an additional play.This all is based only if your numbers presented are accurate.

You may want to look at your after tax return, this will give you a more accurate picture of your position.

How accurate are these Repair Escrow amounts if my goal is to use the property as a rental?

I am not sure how accurate this is for notes in the market today, but let's use that for grins.

If you know a more experienced rehabber in your area, buy him/her lunch, walk them through your house and get their input to see if your budget and scope of work are accurate.