You would be hard pressed to find properties in the 60 sq ft range which  are in your own backyard There is nothing like mining your own neighborhood and investing for both cash flow and appreciation Study you local market and I be you will find both types of properties that would be much less of a gamble then venturing into the unknown 

If the numbers you mention are accurate, the bank will probably not do a short sale.  

I'm getting confused on number I'm trying to explain I want or if my thinking is accurate. 

Especially when you are looking to do flip deals in a scorching hot market like Austin, the details in the above e-mail are accurate.

Nicole,Although I've never had to do that specifically, I would assume 6-12 months of on-time payment records from those companies would suffice.If not, it might be an option to write a letter yourself (with whatever info your lender needs in it) and ask a company representative to sign it (assuming it's accurate).

Is he accurate on rehab cost estimate, and return projection?

The more accurate the numbers you get for materials and labor the better.

That would be the most accurate way to find ARV.

@Liz Brumer Not sure your characterization of non performing notes is very accurate but I am glad you did this one fine. 

(you are still gambling on appreciation, but the odds are good the rents are rock solid)If it is in National city, chula vista, vista, oceanside, etc..