Sean,ARRIVE EARLY AND STAY LATE!

., and you found an apartment for $600k with 11,000 sq. ft of rentable space, that warrants further investigation, i.e. cap rate calculation, DSCR, & ROI just to name the major ones.Bottom line when looking at cap rates, here is a standard formula I use initially: Take current gross rents, less current vacancy, arrive at AGI (adjusted gross income.

I got an email a few minutes ago from the manager that it arrived at the store in the overnight shipment.

Without operating statements you are left making an educated series of guesses to arrive at a number representing your risk in the purchase.With every single step you take in this always remember you are buying a failed business.

First, a new poster arrives asking questions about a mysterious company.

On a more serious note, I agree with some of your steps, but some are not only drastic, but wrong in the sense that they just can not be done.Example: Your list #9: Imagine your wife is attempting to collect rent from a past due tenant and they have agreed to pay her upon her arrival.

The Valuation has been generated by use of proprietary computer software which assembles publicly available property records and certain proprietary data to arrive at an approximate estimate of home valuation.

Now, “nobody is getting financing.†The worst may be yet to come as a glut of properties arrives on the market.

And maybe I’m naïve, but the early arrival doesn’t seem to be “commercially†motivated.

Between these methods, you can arrive at a pretty good representative of value.