I don't know the repair situation yet but I believe it would be minimal -- definitely under $10k.

Sale price, written repair estimates, ARV, comps, etc.

There are renovations and repairs, utilities (depending on the standard in your area), and then you'll need a seller's permit (also depending on where you're located), etc.

My question is how do I figure out the "After Repaired Value" of a piece of property?

.)* How much value is in the collateral which you've stated is around 40-50k after repairs.* What is the general credit worthiness of the payor?

Deals with at least 25% equity after repairs or a little less equity, but cashflow well positive?

After 40 years, the advice he gave to me was to buy distressed single family houses, repair them, tenant them and manage them.

Most of these require you to front the money for the repairs then get a draw.

But I still need to get lump sums of cash coming in to cover operating expenses, repair costs, overhead etc.. and the best way to get these lump sums is through quick flips, assignments, back to back closings etc...

My plan would be to get hard money loans for the property and use Lowe's account and credit cards to fund the repair cost.