That's stepping into the deep end of the pool without floaties if you ask me (I know...you didn't).I'd follow Wayne's guidance and if they are the one's filling it out and have that level of disconnect at this stage of the process, I'd get another title company.On another note, if your offer is $450M and the BPO is $650M and the total debt is $850M, I think your going get to a point real quick like where this deal will fall apart.

I collect probate leads for counties in North Carolina.

-property location-style (sfr, land, mfr, etc)-purchase date-purchase price-debt service used -%rate of debt service -rehab costs if applies-exit strategy-disposition date-disposition price-gross profit-ROI % or annualized % of returnNot sure how complex it should be.

You can only collect interest on the principal unpaid balance, not any of the interest or late fees that are in the arrearages.

Is the gross rent the gross collected or the gross scheduled?

The general rule of thumb is that a property manager is going to charge about 10% of the collected rent.

Although some of these properties are going to be a little upside down on the cash flow, he makes up the difference by subsidising the mortgage (and making up back payments) with the option deposit he collects on the sell side.

Sounds like the Dave Ramsey "debt snowball".

your GROSS profit is 48kThen DEDUCT the option money you collected upfront... say 5k (could be 2k, could be 7k, could be ?)

Get your real estate license and it is even better because you collect assigment fees and Real estate commissions.