@Shaun Sanville, certainly an art versus a science, but I will often take the price per sq ft and use that, but then take a slight discount.  

If the property really wasn't yours and you were more of a nominee/agent with your name on all the legal documentation on behalf of your parents, in all likelihood if the IRS audited you and had all the facts, they would probably disregard the legal ownership and treat your parents as the true owners for US tax purposes.Even if it was a gift, gifts are not subject to income tax but would be includable in your estate and since your non-US person parents were gifting US real estate, they would be subject to US gift tax on the excess of the gift above the annual exclusion (15k I believe).

Our company recently went under contract for 11 acre in Mesquite, TX (HOT MARKET) at what I would think is a steeeep discount..the only way to really know if it's a smoking deal though is to find out if the city will allow us to build.The land is currently zoned AGR-NEC & would like to rezone to SFR or MF to build apartmentsMy concerns are there's large power towers & a small creek running through a portion of the land, don't have a survey on hand either.If anyone has experience dealing with city on rezoning & wouldn't mind dropping nuggets, I would greatly appreciate it! 

There are some pretty cool discounts on various products and services offered as Perks to BP members that you might want to check out: https://www.biggerpockets.com/perks/proI really like the alerts feature that can quickly guide you to current topics that might interest you: http://www.biggerpockets.com/alerts

Make sure you check out all that this site has to offer for you.There are some pretty nice discounts on many products and services offered as Perks to BP members that you might want to check out: https://www.biggerpockets.com/perks/proThe site has quite a few tools that can be helpful for new members.

I'll go crunch some numbers...I'm not confident there is enough of a market in my city to support the kind of business I'd need to run to support my loans, but I'll look into the numbers for sure before discounting the idea.

I'm an Exclusive Buyer Agent here in Ca.

Not the person who's just trolling their home out there and won't take a discounted/wholesale offer. 3)ARV is established by running comparable sales of other homes similar to your subject deal.

They then sell to me at a deep discount.

The trim, interior doors, hardware, cabinets, roofing and windows are at a steep discount because they are all canceled orders from people who declared bankruptcy and didn't pay.