@Michael Smith could you give us some additional detail?

I would get a pre-lim report from title, along with getting the daughter to fill out a 'statement of Information' with the moms details so title can process to see if any personal liens are against the mom and the property. 

I think mine is 5 pages long and then they sign scopes of work which are very detailed as well.

To me I count those things as probably more important than the actual deal itselfSo here are the numbers:Purchase price: 70KRenovation costs: 26K (I originally estimated 15K hahaha I wish)Closing costs: 2KAll in cost of 98K.Currently rented: 1200 per month.The bank appraisal with my local bank just came back at 134K and with a LTV of 75% I am eligible to refinance out 101K on the total deal.I am only refinancing 90K which will leave my all in costs at approx 8K on the deal.After PITI and reserves for maintenance, capex, vacancy, and management I will cash flow approx 200 a month with a 23% CoC return!

@Josh Wallace The depreciation schedule (usually called a Tax Asset Detail, Fixed Asset Schedule or Federal Asset Report) is just the document that shows your depreciation deductions.

Details about the prospective property: Listed for 140K next to "A" rated schools large lot which is desirable in the area.

Hey @Ervens Oge Let's start with estimating repair cost.

Also, 1099 Form should be given to the investor as well.  1099 Form doesn't have the details such as capital gains/loss. 

Could anyone point me to some resources that can help wholesalers estimate repairs for a property?

https://members.digonline.org/events/Details/dig-general-meeting-creating-a-multi-million-dollar-rental-portfolio-67422?