And a loan on them too.And a lawsuit on them too--undisclosed.And they are probably permanently turned off.You really drew the low card from the deck on this one (at least it's only $33,000)Also, be ready for when it's re-roof time and they have to be removed $$ to re-shingle the house.I always consider solar panels a negative.The way I see it (back of a napkin calculations):Panel life est 25 to 30 years--then must be paid for to be removed, hauled to dump, and replaced.Boston Solar savings average = $30,000Loan on Panels = $33,000 could be structured to be $99,000 in total cash payments if 30 year loan.add to that the extra cost of removing and re-installing them to re-shingle.That's why I'm not pro solar on houses.Do the tax benefits (if any) make that a wash or profit, I suppose that is for the salesman to point out.Still, it's not something I consider a positive in a deal.And Austin is subtropical sunny.Link to Calculator:https://www.google.com/search?

If you don't have these pieces of information, no fancy real estate deal analysis software being peddled by the real estate money gurus will help you.On the other hand, if you have all that verified financial and house payment information from the seller, you can do all the real estate deal analysis you need on a paper napkin and be successful.What's the moral of this story?

The call is usually only a few minutes long, followed up by an email with a quick napkin analysis of the deal and some digital pictures.

Great question Angela, I also am looking to get into this method and would love some suggestions besides the obvious - referrals from agents, mentors and other team membersEspecially regarding estimated costs for various rehabs, this depends on the location of course but ballpark figures for back of the napkin estimates would be helpful.

The budget was based on a new deck ($20K), 2 new heat boilers ($10K), new steel liner and chimney cap ($4.5K), excavation to obtain an additional 10in in height, 4in concrete floor and reframing ($28.5K), renovation of the half bathroom which includes new sanitary plumbing waste line and the fixtures ($6K), basement wiring per architectural drawing ($6.5K), Permits ($1.5K), and Clean up of all debris (3.2K).The part of the basement where the excavation occurred is 40ft X 12ft.During and after the complete excavation (from Oct to Nov 3rd), no temporary support was placed to maintain the walls in place.

Guys/Gals...I'm about to write my next blog and share with my readers my back of the napkin calculator for commercial real estate.

Here is my napkin math for my 'plan'.

The Tenant shall properly use and operate all electrical, cooking and plumbing fixtures and keep them clean and sanitary.

It saves you from having to do napkin math and gives you a more accurate number.

If you are talking about rental properties, check this one out-https://www.biggerpockets.com/renewsblog/2013/01/1...So easy you can calculate them on a napkin ;)