I have not determined as of yet what motivation is and will determine when I meet with the seller.

@Deborah B.In my areas the prices are *primarily* determined by the number of bedrooms.

You as buyer or seller will have to determine the technique that works best for your situation.

Absolutely, NOI is looked at and a determining factor.

They may know the guy, I doubt you know him that well or are able to determine the risk.Any time a person says something like that, chances are good one of them is a nut job, that's not normal conduct.

@Denny Le You take the ARV(after repaired value) which you determine based on comps pulled for you by your real estate agent, and multiply by 70%.

Figure out what skills you need to have to flip houses (compare properties, determine arv, estimate rehab costs, etc) and learn more about those things...you may even be able to help the guy with the experience.There are a lot of great resources here on BP to help you along the way, and when you get stuck and have questions, just ask, someone will help out.

This can be in an estate in an hour or in a benefits determination arising from health care in a couple days.The "inner city" is a flag to me as to value and can't imagine a bank walking away losing that much if there was equity in them, so I'd have to question the comps.This needs cash to payoff the lender.

Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbookThere is one question that will determine whether you succeed or not Mets or Yankees?

Obviously, you can't start them until you close, but determine what needs to be done, get estimates if the realtor will let you into the property, etc.