Renter's insurance won't cover me for pipes and fixtures for example:"The tenant agrees that the property, equipment and fixtures will be under the control of the tenant and agrees to keep the property in a clean and sanitary condition.

the 70% rule is/was never suppose to be a "Rule", rather, a guideline to a quick back of the napkin calculation to see if your deal is in the ballpark or not before you dive deeper into the numbers.

Account Closed, as others mentioned, not really enough info, but on a very back of the napkin analysis, that is too much. 

not that complicated although some folks want to drill into the nats behind.but for rentals here is a really good napkin math that takes no more than a few minutes.RENT   what you are pretty sure it will rent for Deduct 50 to 60% from the gross rent ( if your using PM) if not 40 to 50% )these numbers have some cushion in them.whats left over is how much you have to pay your mortgage.. if it pays for it self or makes a little money then dive in. 

They all interpret codes differentily.So first permit is sanitary, I had to spend a little time with excavator/septic contractor on design during the winter down time,we had our design ready to go and had the permits without question.Next permit was land use.

I hear about the "napkin sketch" financial evaluation for land for a potential multifamily deal.

What's a great way to figure out hard cost for residential land development, back of a napkin?

No more writing addresses on napkins and forgetting to do the analytics later on.

Here would be my napkin math if I were considering it:Someone can correct my math as I am interested in how people would value this:- Fixed cost of $6,755 UFMIP + $4k refinance cost = $10,755- If you save 2% on rate and PMI is the same across loans, you only save $198 per month on interest.   

It's one minute, on a napkin, way of deciding if you want to look into the property further.