Depending on the age of the kids, CPS should may have been called.

I don't know Vikram's age (and I hope V looks better than the avatar).

This is a very broad question and it depends on your age, what you are trying to do, etc.

However, like Jon has pointed out the term seasoning when referring to loans requires time or aging would be another word to use.

Both own or have owned over 50 properties but their ages vary tremendously.

lol...i must confess it reminds me of the time i had just fallen in love. ages ago.....the feeling of being distracted...i feel the same now...distracted at work...at home....lol...

Long story short, Tenant on HUD, has 4 kids. rough ages 5,3,1.5,newborn, one of the oldest 2 kids put the 18 month old in the bath tub and turned on the water, its a single lever, with hot being all the way to the left, turned it all the way on, burning hot water, water heater backs the shower wall and instantly has hot water.

The only way to do it properly is to look at actual recent sales (ideally within the last 3 months) in the neighborhood that are comparable to the house in terms of size, number of bedrooms/baths, lot size, age, etc.

Also apartments depending on their age require 50-65% of gross to go back into them.

Fred, You can also comp the land and then use the cost to build the house today and depreciate it based on the age of the house.