Here's the key info ...The items mentioned are eligible for non-inclusion if they fail to meet the four key FRCA requirements, especially the requirement that each item reported MUST be accurate and complete.Here's the quote ...

i could run analysis on every property and just make an offer that suits me on every property. my real estate agent tells me that the numbers on sites like trulia etc are not very accurate so im not sure how to shrink my pool of properties

An accurate survey is the only way you know where your property boundaries are and where your building/structure/house is positioned on the property.  

Be conservative on ARVs and have a quick and fairly accurate means of ball parking rehab costs.

What are the odds that they have a complete checklist, accurate criteria, etc.?  

Just make sure you run very accurate numbers and confirm all the information.

@Chris DeSisto,It might be more accurate to say that a broker shops your application around to lenders to find one who will accept you at favorable rates and gets a commission for doing so.A loan officer works for the lender and is usually on salary.

My estimate is accurate for nice bronx job, PROBLEM- An investor /lender from NYC would not lend to me in Nwk bc he says that he was there previously and he found that he needed a permit and inspection for anything/everything, Also that contractors are more strict and costlier bc of this.What do you think?

Choice 2 (the devil on my shoulder): "Brad, you've got an SOW already, you would estimate a cosmetic rehab to be between $30k and $40k, the wholesaler's estimates have been relatively accurate thus far, the pictures looks pretty damn good, you should get the property under contract now so that someone else doesn't scoop it up."

How accurate do investors feel that Zillow is on their Zestimates?