New rehab offer

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I am looking at putting an offer in for a rehab in a college town. The retail value after rehab would be 91K, the bank is asking 65K, I am putting an offer of 26,600. I think I will need to put in about 15 K in work to bring it up to a rental property. Does anyone have any comments about this valuation?

Originally posted by @Debra Muth:

I am looking at putting an offer in for a rehab in a college town. The retail value after rehab would be 91K, the bank is asking 65K, I am putting an offer of 26,600. I think I will need to put in about 15 K in work to bring it up to a rental property. Does anyone have any comments about this valuation?

Is this a foreclosure, short sale or...? If the house only requires $15,000 in repairs & ARV is $91,000; the $26,600 offer would mean you spent a total of $41,600 or 45.7% of ARV to get the house. How accurate is the repair estimate, ARV and how did you get them?