@Jon Klaus Yep I've searched the tax records and I've gotten a number for the land, I'm not sure how accurate those are since I've never used those to value houses.

You could possibly get verification, but this would make me uneasy.In the end, it is your decision, and most times a gut feeling is pretty accurate.

How do you accurately estimate repairs?

If you want to do the work involved for the time involved to make the money involved, then do it regardless of a %.It is much more important to have accurate estimates than to adhere to this VERY GENERAL rule.

A suggestion, Zillow can provide you with general information regarding prices and rental figures, we feel that these are "Ball Park Guesstimates" don't take the numbers as being that accurate utilize them as a starting point and do your own due diligence.

As in any business, you will need to split test your marketing efforts.

I would definitely test the waters BUT...I would do it VERY carefully.

I can get a pretty accurate estimate of the PI on the loan.

Jon, yes, the properties affected so heavily are the ones that either were receiving government subsidized rates or homes that were not previously in a flood zone but have been re-mapped into one based on new, more accurate flood maps.

For me it helps to start with your own little network.At various stages of the course a few representatives from local RE companies came in an introduced themselves and a little pitch to have the students consider working for that particular company.I passed the test on my first attempt , I then set up appointments to speak with whom I was interested in working for to get an idea of the cost ( desk fees, admin fees, E&O insurance, commission splits, ) and any other fee that may be associated with being a Realtor.