He has no idea what he is doing, he has no experience and no capital - but he expects to make a fat profit on his first deal.

The sales price would depend on the amount of fairly recent sales comparables and adjusted them to reflect what her potential loss or profit might be. 

Your Profit and Loss Report is your Resume!

I don't see nearly enough value in this business plan for it to be a sustainable & profitable business.

I can’t believe how many investors are so focused on buying and not how to KEEP THEIR PROPERTIES or KEEP TRACK OF THEIR PROFIT AND LOSS.

Got in around $200K and should be able to generate a little positive cash flow with more emphasis on long-term appreciation given terrific schools, commercial/highway development, and companies moving HQ's more north (e.g.

My number 1 CY proverb " You can NEVER lose money by taking a profit".

Like  house cost, renovation costs, selling costs, profit.

Credit card (or debit) for a self generating paper trail.

@Shiloh Lewis You may want to give name generators a try.