@Josh TylerCap Rate = NOI / Value (or sales price)So when a broker lists on Loopnet they put in NOI and asking price and Loopnet auto calculates the Cap Rate

When looking at a property make sure you leave room for the mechanicals.

I teach my clients to have all the expenses on auto withdrawal  ( mortgage payments, monthly assm, if needed: tax and insurance) and have the phone number of few handymen on speed dial.

ERGO you are in foreclosure in the first place.GFC meltdown saw values drop 20 to over 60% in certain markets  .. your 70% LTV loan was underwater right out of the gate.So to answer your questions.In General... you have a foreclsoureyour value is 10% less than it was when you made the loan.. reason flipper butchered the job ... and again depending on state it could take 1 to 3 years to actually foreclose and of course your not getting any payments.. so your interest is wiped out. your cost of doing the foreclosure again state specific.. and I have never met a defaulted borrower that paid the property tax's  ( and again state specific how bad this will be).. you have selling costs usually 8% and you normally have to spend money getting the home marketable I have never met a defaulted borrower who left a home in perfect shape.So you add 10% market devaluation  8% for sales costs.. 3% for foreclosure costs.. 2% for back taxforce placed insurance and utls.. and depending on the condition of the home 5 to 10% for rehab .. you can see how this eats into your 30%  .. then take states Like were i live and properly filed mechanics liens are super liens they jump ahead of your mortgage.. this can be thousands up to 100 thousands if your flipper totally screwed the subs. 

Hi, I'm a mechanical engineer running a couple of business right now.  

If you are commuting to work download the podcast and listen to it during your commute (auto university), there are plenty of past podcasts to keep you well informed and motivated for a long time.

Don't know that much about it but can set up auto emails for you if you would like.

@Derek Caffe Aside from infrastructure , mechanicals , physical inspections , be sure to review the zoning/permitted uses and what you will need to bring to current standards if you are modifying it along with a survey and phase 1 inspection.

It's paid by auto ACH and keeps records of all payments so there's no confusion.Good find and good luck @Nolan Martineau!

So, I'll import all transactions on a daily basis, and in the import window, many of the transactions will auto generate the pertinent fields, and for the rest, I'll go down the line and set a category and class manually.