@Mike Akerly I actually gave a response on how to compute equity/capital required to attain a certain surplus cash flow on the following thread:https://www.biggerpockets.com/forums/311/topics/717102-what-is-the-easiest-way-to-get-3k-5k-in-monthly-passive-income?

There either needs to be a door at the top or bottom that you have a 2 way lock on.i look for cities here in Utah that have a surplus of MIL homes and then find the neighborhood with the highest density.

Some of them will become money pits.In midwestern cities that have experienced industrial decline, there is surplus housing stock. 

So your true recapture would be $63.13 vs your $317.22 available or $254.09 surplus after recapture on the 5 year example; Or your recapture would be $45.90 vs your $164.12 available or $118.22 surplus after recapture on the 27.5 year example.So there you have it.

Also, common areas include washers/dryers, electric heating, and lighting - in theory even a small array would cover these to net-zero with a surplus being net-metered back to the grid. 

-The surplus from the 2nd mtg foreclosure, if there is any, typically goes to 1) any junior lien holders…if none 2it goes to the owner.

Someone must have gotten mad and ripped it off.If you have a Surplus Warehouse in your area check out their cabinets, they usually have plywood boxes unlike the big box stores that are usually particle board. 

Refinanced with a conventional lender at 80% LTV, new loan is $132K, thus "cashing out" the hard money funds and investor's initial investment, as well as giving the investor a $4K surplus to put toward the next deal. 

I am not personally acquainted with "Jack" however lenders most certainly can make a credit bid on their own behalf, thereby creating an overbid or surplus.

Further, if there is not a Standard Insurance company that will write it, the Independent agent can quote out Excess/Surplus Lines policies (ie.