This is literally not allowing you to get an ARV below what the number is he wants to hit. 

With about a thousand doors under management, we are an investor minded brokerage providing turnkey, buy and hold solutions from Colorado Springs to Denver.

This lead literally fell into my lap this morning.

As an architectural designer and having done my own renovations in the past, I truly feel I can get above those comp prices, even if under a few thousand, the profit margin is huge.Even if I cannot get the price I want, the rentals in the proximity run 1300-1600+ per month, making it a potential hold as well.What are your first impressions?

Start with only a few thousand dollars, and use wholesaling to develop a deep discount business model to build cash and locate the best properties to flip or become rentals at the best possible price,2.

1) If you live in it (Ex. buy a duplex and rent out the other side) you an use can FHA loan at 3.5% down.2) If you are not going to live in it you will get an investment loan which usually requires a 20-25% down payment.Other possible considerations: closing costs (a few thousand $), repair costs, insurance/property taxes, Several months reserve loan payments

They racked up water bills in the thousands, never paid and moved out.

I have stopped investors from making bad buy's, saved them thousands on repairs, I have Meet and missed deadlines, Picked out tile and picked up dog crap.

They step over $Thousands and $Hundreds to pick up dollars.If one is susceptible to what insects may carry, then yes - it IS a matter of personal safety.

I can't speak for your area as I mainly invest in the Indy area, but I know that property is quite higher in California and you may want to look out of state for properties in the 10s of thousands instead of the 100s of thousands first.