Doesn't want any recent comps because "wife's cousin is a Realtor in Oregon who has buddies here locally who can send him MLS data which he send to me." 

I c This is what I would do in your position..I would only incorporate if this is a rental property and/or this will be an ongoing partnership doing flipsIf this is a just a one time thing or at least to test out the waters it would be easier to structure a joint venture agreementThe proper way is to incorporate but is it necessary with all the fees associated just for 1 dealI am an agent in Toronto as well and someones it gets too complicated when so many people and decision makers are in on the deal.

Perhaps you can test this theory out for the sake of self education and split your actions across all three options! 

I have reviewed population data and demographics, tax rates, average rental income, suburban neighborhoods, and other criteria in order to decide the market.I am excited to work with other investors to either syndicate a multi-family deal in the greater Indianapolis deal, or find an owner-financed deal.

Originally posted by @Jaxton Holmes:@William WrightI tried poshleads com for seller leads.. you can target by city and get direct contact info of sellers.. way better than skiptracingHow much do you pay, for how many leads, and how accurate is the data? 

@Joseph Konney, that is the exact answer I was looking for and I greatly appreciate you taking the time to research that data it means a lot to me.Regarding my investment those numbers are a good sign and Its making my decision more comfortable.Once again thankyou

And there is only one piece of credible data within the sales comparison approach, the actual sale prices of the comparable properties.The problem your appraiser has, and now you have, is a lack of data.

@Andrew CaldieraroMost county auditor/assessor offices have online property record data.

When it comes to excel I'm very uneducated but I think it would be so helpful to enter property data and then the spreadsheet would automatically order these measures best to worst preforming.

I'm working on gathering and compiling a lot more data to help in making my decision but I'm mainly just trying to make sure I bounce this off BP since there are so many knowledgeable and helpful people on here.