It's completely paid off and a Zillow search has it probably valued around $300k. 

It seems they are being overly cautious, probably because the property is vacant and it is in a higher-than-normal crime area. 

It is probably closer than your estimates. 

(probable Ethics Violation)It's why you find many sellers and agents don't want copies of any inspection reports.  

It needed about 80k in repairs due to fire damage which  probably explained the holes in the floor in the description of the property.

If rents were to be say 80% of today's market value, and you're breaking even, then you're probably fine. 

But after all, he made a great decision and it was amazingly profitable.Numbers:80k Purchase – cash 35k – Reno Roof, siding, paint inside and outKitchen cabinets and countertop resurfacedPlank floor New tile in bathroomRepair electric and plumbingHome staging 1% of sale price6 month project 165k sale price less 6k closing costs44k Profit Regrettably, this will probably be the most profitable flip I am involved with for the foreseeable future.

They probably won't be too interested in a repairs report or comps since they'll be relying on their listing agent to provide those.

The house probably needs a new roof and maybe 1-2 other things but it's mainly cosmetic updates.

I probably should simply keep pushing through but deals get more intimidating the higher you go shaking my confidence in the numbers when it comes to making offers.