Once the seller submits their address, the backend instantly pulls the market price.Here is where the custom logic kicks in:It automatically calculates repair costs based on property data, seller-inputted condition, and location.It classifies the property into one of 4 market temperatures: Slow, Rural, Standard, or Hot.Using this data and your specific backend rules, it dynamically selects the proper ARV percentage, deducts your preset assignment fee, and calculates a precise cash offer (e.g., 68% * ARV - Repair Costs - Assignment Fee).2.

I’m looking for some insight on how to structure an offer on a Fannie Mae REO I’m interested in, especially given some discrepancies in how the property is being represented.Key facts:Current listing: Advertised as a 3 bed / 1 bath at 1,850 sf.Issue: That square footage appears to include a partially finished basement, including a “room” with no proper egress, so it should not be counted as a legal bedroom or finished living area.Prior listing (2021): Previously listed as a 3/1 at 1,572 sf.Fannie/FNMA record: Federal National Mortgage Association currently has it as a 2/1 at 1,368 sf, which is much closer to reality based on what I’ve seen.Pricing history:Sold 7/14/2021 for $450,000.Trustee’s Deed consideration amount: $347,000 dated 10/18/2024.REO list price started at $489,900, then dropped around 2/16/2026 to $484,900.First Look: First Look period expired on 2/20/2026 at 21:00, so investors can now submit offers.My main concerns:The current list price seems to be based on an inflated square footage (counting the basement as living space) and as if it’s a 3/1, when in reality it’s functionally a 2/1 with a partially finished basement.Comps in the area should really be adjusted to the ~1,368 sf, 2/1 configuration, not 1,850 sf, 3/1.Fannie paid effectively $347K (per the Trustee’s Deed), but is trying to list it close to or above what it sold for in 2021, when it was arguably misrepresented then too.What I’m thinking:Have my agent pull comps based on 2/1 and ~1,368 sf only, ignoring the basement as finished living area, and value the property that way.Back into my maximum offer using:ARV for a 2/1 at ~1,368 sf.Less repairs/updates needed.Less my desired profit and holding costs.Use the misrepresentation of square footage and non‑egress “bedroom” as leverage, both in the initial offer and during any inspection/renegotiation.Questions for the community:For those who have bought Fannie Mae REOs recently, how aggressive can I realistically be on price once First Look has expired?

With pricing pressure in South Florida and parts of Tampa proper, investors are targeting these markets for:Better entry pricesStrong rental demandSolid long-term appreciation potentialFrom a lending perspective, these areas are still very financeable and active — but the conversation has changed when it comes to insurance and flood risk.How Flood Zones Impact LendingFlood zones don’t necessarily make a deal harder — but they do affect cost, leverage, and underwriting.Here’s what lenders are focusing on now:1.

The best answer to figure this out is to seek legal council and confirm with them if it can be done with or without a license, as well as have them draft the proper agreements

How to do proper due diligence in 1 week that way i am not in trouble after purchasing the property. 

I believe I am calculating Mich non-homestead tax properly (1/2 Purchase price x 0.0766101). 

Seems HELOC on rental is also not proper option for me.

Quote from @Joe Soto: I'm fairly new at this...looking for guidance... seeing everyone i have in my circle is clueless to realestate...I am currently working on a project but not sure what to do to scale seeing I have no influence or guidence....Milwaukee wi..Are you properly funded? 

For your first 5-10 properties, most successful investors hold them personally with killer insurance and focus on proper tenant screening and maintenance, which prevents way more problems than any legal structure ever will.

Structuring it properly on the front end will save you time and money later.