Fire damage remediation can be expensive.I'd work with the known appraisal of $230k as Zillow admits to not being very accurate.

It's more important that the numbers be accurate and that you know your exit.  

Is there a way to read books and test out or is a course mandatory?

I will pay no more than 70% of ARV minus accurate repair values (which are significantly higher in Alaska than the lower 48!).

This will be somewhat dependant on the condition of the property but I think a number triple to the one you've given would be more accurate over the life of ownership.All that being said, this could still turn out to be a nice deal.

And yes the largest house in the neighborhood, often a problem, I understand the extra footage is cheap but square foot pricing ignores the lot and quality of the construction basically and for that reason I like to basically ignore it because it is not truly accurate.

McGuigan you will find in life and business that some relatively bright people will have different and seemingly contradictory opinions on a given subject, study read and learn as much as you can, then see what makes sense to you, take an idea concept, try it, push it, test it see what works and what doesn't for yourself.

The exit value quoted was accurate and after some negotiations on my part, the price reduced down to what made sense for me.Deal closed today and I will update you all on the progress of this flip.

I understand that I will need to have some prototype homes to test - but I don't yet understand how I might build some - legally.

Call renterwarehouse.com and they will be able to give the accurate rent rate in a minute.