@Jeff S: "investment property specialist" is more accurately "a guy I work with who is really good at finding investment properties but doesn't have the cash to buy in so instead finds them for investors for a fee."

Cost Basis vs Actual value of home to show more accurate appreciation.2.

--------------Question 2--------------Which of these is more accurate??

Most of these applications require the GPS to be turned ‘on’ to obtain the most accurate information.

I do wonder if I'm paying for that potential flexibility in the form of higher interest rate (6.5% fixed for 5 years with a 12% cap)I've been in contact with them regarding this refi and they plan to send a guy out next week to do what I think isn't going to be a very involved appraisal, but which I think will be fairly accurate, and the lender will definitely do a cash out refi hence the potential seed moneyAlso, my situation is unique because my wife is a traveling nurse, and I'm willing to do anything temporarily.

My guess is that the amount owned to FNMA on this property was well above $20K and the high list price is their way to try to recoup as much of their lost investment as possible (that coupled with a BPO that probably came in high if your comps are accurate).In my experience, it's very, very, very unlikely that FNMA would ever accept less than 50% of the list price on an REO.

Last tenant paid $900/month in December, 2010.Large Fenced Yard, Mature Landscaping, Oak Trees, Covered Patio/Porch.Assuming, ofcourse, all of my info is accurate, what's the max an investor/landlord might want to pay?

Thanks, Kyle.It shows my current rental of $2k for a 4 bedroom SFH near Martin Luther King park is way too high...How accurate is that estimate?

Numbers wise, if your numbers are accurate, I'd say this property looks like a good candidate.

The exchanges look the other way because of all the revenue earned.Hedge fund managers run equally complex processes, with armies of PhD's, lots of bribery-induced insider trading info, to also outmaneuver the little guys.It just seems that real estate offers a much more level playing field for the smaller investor due to the sheer physicality of it, the need to see it, touch it, do accurate rehab estimates, etc.