Under promising and over-delivering is the keystone of this company and is why they have so many repeat customers. 

You could also run a “quick title” search for $50 with a local title company to make sure there are no outstanding liens on the property.

If you can not quickly unload you can lose the home or having to borrow more covering the negative.

You don't want the penalty to be too quick where they rush and don't do quality work.

They will average each other out but will be very different when you drill down to the details.My advice, is use the big thumb rules for initial quick glance but when you are ready to put in an offer, dive deep to the actual property numbers and do not use the industry averages if you don't really have to.

The incentive for the seller (who's already had one deal go south b/c of buyer financing issues) is a quick close during a slow time of year and no bank headaches.

Hey BiggerPockets, I just have a quick question.Let's say I put a 400k down payment on 2 million dollar commercial building.

I am devouring every episode as quickly as I can, all while taking as many notes as I can to refer back to.

The listing was a fixer upper and attracted 7 offers quickly.

Here's the quick and dirty: Purchase: $250k (max)Reno: $175-200k (pending deeper inspection of roof and foundation)ARV: $475-480k, per our 203k consultant who is also an appraiserMonthly Rent: $3,950 - $4,000PITI: approx 3,000-3,100Other Expenses: vacancy 5%, Repair/Maintenance/Capex: 6.5k/year (all major repairs done during reno, budgeted low for capex)Cash Flow: approx $150-200/month, depending on interest rates/PITI payment Cash on Cash/ROI: 7% the first year (due to reno) and 9% there-after.