Least - I grow tired of tenants sometimes :) And, the weight of it all sometimes seems ominous, but I just remind myself that everything cashflows.Full time real estate is fun - but only if you LOVE real estate.

(Includes PI, tax, insurance, Schedule Es, management, and vacancy)Annual Income: $3,429That is an ROI of 19.1% not including depreciation, equity growth via your note, or appreciation assuming your market is rising.This also assumes only $720 a year in upkeep which might be low.

I did deals all over New England.I'd be interested to hear if you're walking in with it in-hand or if its being requested when you present and offer and if its being requested then by whom and does it also accompany a deposit.Sorry to jump in on your thread with this but I'd like to know.If its helpful to this convo I don't think we ever made a decision with the client on whether or not to accept an offer or negotiate based on the depth of the buyer's pockets it always had to do with how much the asset was on the books for weighted against the potential for further loss.

Just one other thing along the bulk purchases, you can break them down as Dion mentioned but you also work off of several loans or blocks from the weighted average to maturity, weighted average yield, weighted average collateral (LTV/CLTVs) as well in a portfolio.

No worries about upkeep.

Weight the option you want by making the other two un-desirable based on their scenario.

A good tenant that's really dug in for the long haul is worth their weight in gold.

I figure this time is worth its weight in gold and also to be my most important key to success.

It is NOT an appraisal, it's an assessment, your analysis, your numbers but it is not an appraisal.Sounds like you want to use the term to give more weight to your assessment and present is as something it is not.

Some more heavy weights weigh in on Phoenix. http://www.bizjournals.com/phoenix/news/2013/02/13/another-real-estate-boom-for-phoenix.html?