I always fill out a detailed report ahead of time (i take a couple of hundred high resolution photos date stamped as well to document condition), then go over it with the tenants when they arrive.

I have done this many times and in addition to the reasons he mentioned, offering an a,out that is not a perfect even number gives the illusion that intense and specific financial calculations were used to arrive at a max offer.

How did they arrive on the purchase price?

How did they arrive at that buy in number?

At least a years seasoning would be required. 3- How much in expenses are you allowing for in arriving at your $200 per month cash flow?

There is really nothing to analyze or check.You've got a nice profit shown, don't know if that's accurate, how did you arrive at the ARV, and is that an assumed sale price?

Personally, we use PayPal or accept checks/money orders and payment is received in full a month prior to arrival, so we do have the money in hand ahead of time.

To arrive at my ARV, I used the 'Recently Sold' listings on Zillow, and because I'm not a Realtor, I took 15% off of my comp.

When I use my calculator, I arrive at approximately $5,440 in annual cash flow with a total out of pocket slightly over $50k, so your cash on cash return is roughly 10%.

We attempted running a space heater under the sink(next to the dishswasher, where the drain line arrives to feed the water into the garbage disposal, but even after a few hours of that, we ran the dishwasher and it failed to drain?