Here are the facts,- Property is listed at $400k- ive been told the seller wont accept anything less than $350k - Has about $35k worth of work by my estimate - Plan to add new bedroom and bath in basement, - update kitchen cabinets and appliances - Update 2 bathrooms - almost all flooring - Paint all interior - waterproof 1 wall in basement Really need some help validating my numbers.

I could also seem them restricting certain appliances (giant fridge, gas stove, etc).

I have closed on a few properties a long time ago and it really wasn't that difficult from what I recall and I had zero experience at the time and zero issues as well.However, now I would suggest calling a local real estate attorney and ask about their services to write the contract and perform the closing for you.It could save you some big money with the realtor commission and besides you are getting valid legal advice and minimizing your legal risks .

What about common area electric, gas? 

I started a beta project in Tarrant County TX to see how much of my quest could be completed.Step 1 Collect every Parcel ID in the county.Step 2 Standardize every address and owner nameStep 3 Crack LLC's to find rep/owner/manager Step 4 Create relationships between owners and properties (how many properties they own) Step 5 Gather Delinquent Tax roll filter and apply to ownerStep 6 Run Vacancy status on every valid parcel addressStep 7 Collect all "pain causing" court cases daily and scrub for owners addressStep 8 House all court records that match owners.Step 9 Create a SellScore that displays current and historical court casesStep 10 Make filters for all data to be sorted in cloud and downloaded if neededStep 11 Data append phone,email and daily update of owners that have court casesI think this covers the most common list.VacantAbsenteeTax DelinquentLiensEvictionDivorceProbate  The end result will output 2 csv files dailyownername,owneraddress,propertyaddress,caseType,TotalProperties,#Vacants,TotalTaxDel,SellScore,DivorceY/N,ProbateY/N,#Evictions,phone1,phone2,phone3,email2nd file- Just phone formated for RVM or Text uploadWhat other information would you add to create your perfect prospecting?  

All liens and encumbrances must be recorded against a property to make it a valid debt. 

Once I hit that goal I may want to ease off the gas a little and reevaluate a new strategy.

Whether it's valid or not defending against such a claim will suck. 

Appreciate the validation. !

Valid points and will definitely take into consideration.