But like @Eric Johnson said, if their terms are too good to be true, then...yeah. 

I think part of my concern has to do with getting a true ARV. 

Hey Kevin, definitely true.

As a licensed contractor in CA (LA area), I certainly know it to be true.

I would say it's GRRRREAT - just be careful because if it seems too good to be true then... 

A true win-win here.If you’ve been thinking about:building a web site for your STRresearching some automation tools like channel managersresearching some new markets or propertiesresearching some new tech to make your house a "smart home"renovating or redecorating your houseor anything else under the sun.........These tasks are easily outsourced inexpensively to others, and there’s never been a better time for this in your lifetime (or your parents’ lifetime, or your grandparents’ lifetime, or your great-grandparents’ lifetime…)Might as well help someone else feed their family while moving your business forward...

Is that true? 

In other words, conventional lending happens in an environment where each party is acting in their own interest, not the interest of the other; the lender will want to see a sales price based on appraised value; the desire to provide a great price for a family member can get in the way of establishing a loan on appraised value, this is especially true if the purchasing relative has little or no down payment; family members may "gift" equity in a transaction to reduce the amount of mortgage money required, the lender must still be satisfied about appropriate value to protect their loan, gifts have tax consequences and IRS guidelines govern gift amounts. 9.Seller-Assisted Down PaymentsNonprofit groups formed in recent years offer down payment money to certain buyers; the payment is linked to a contribution to the nonprofit by the seller, but the pathway is not hurdle-free, assisted down payments may be barred in certain situations; simple and attractive way to secure a buyer who is otherwise qualified but struggling to find down payment money; nonprofit provision becomes part of the purchase contract; nonprofit receives the contributed amount, plus a processing fee, from the seller and sends the funds directly to closing as a credit to the buyer; the funds do not go directly to the buyer; sellers may be tempted to increase the price of their property to pay for the down payment assist.

Much appreciation for reading my post and sharing your bright ideasMasaAloha I always suggest looking for a TRUE Turnkey provider to do something like.

We're also only talking in one true number, so what does that $700 represent?