It's beyond the scope of my skills to value it based on development (thus the post) so it's a bit tough to tell him confidently how much more it will potentially be worth after appraisal.Bill Gulley - Thanks I will check out your other post.

The lender will require an appraisal, so that will give you confidence you're not over paying.As far as profitability, that's just a matter of math using the price you're paying, the loan terms and the rent.

I might be very confident of my income over the next 15 years, for example, but not over the next 30.

You also want to give yourself and your buyers plenty of time to inspect the property, so put 15-30 day inspection period and you can walk anytime within that period if it does not pass your inspection.My best advice would be that you should only lock up contracts that you are confident in...

MLS, off market, wholesalers you name it and I will have competition.So with that said, If you are confident your repairs are $65k and the ARV is $620k, and you are comfortable with a $100k spread, bid appropriately.Using all of my soft costs, I think i could out bid you on that house.

I wasn’t available because of business travel once and demands at other property the other time.During the signing they brought up that my wife mentioned that if they were to perform some snow shoveling duties they may be able to receive a break on rent.

I'm feeling very confident in the property and the team I have in place to help me finish this project.

- Are you willing to build a team and travel a couple times a year to check on your investments?

There were several offers on the first day this house was on the market and the seller took mine, but I'm not confident that they will make concessions.

The house I have for sale has an est. market value of $240k based on comps (confident appraisal will easily support), I own this property free and clear.