That return improves when you buy below market value and that takes care of some of your concern about a market downturn.

Even better, I'd like to buy places with as little down as possible and use that cash for improvements to force appreciation.

Someone offered to purchase his house if a short sale can get approved and lease it back to him with a chance to purchase it down the road.

No, on these dollar amounts, that might not be a grand slam, but I'll take a double like this one every time I get the chance.

There is no inspection contingency in their contract and unless you're an owner occupant there's zero chance of them giving you your money back based on inspection findings and estimates (and even as an owner occupant the chance is slim).

I agree if I sold all my notes today there is a chance, I will lose money.

If the ARV is $170K, it will be a slim chance, he will take $20K when he can wholesale it for a lot more.Joe Gore

I've been at this game for a while now I have the scars to prove it :)I've been reading this site whenever I get a chance so I'd like to share my experience where I can contribute, learn where I can, and network.Looking forward to becoming a member of this community.Gursel

In addition, Listingbook saves agents money by replacing other expenses, improving productivity and efficiency, and helping real estate professionals make more money.

I think as others mentioned, using it for the Sold values and then building your own estimate is the only really useful tool for zillow.Before finalizing an estimate for ARV I always check with one of the real estate agents that I have networked with to get their estimate and then use that to further my knowledge of the local market to improve my own ARVs.