The thought of comparing real estate to a stock portfolio is apples and oranges, in RE that "equity" is preceived to be higher but in reality it's at your cost less depreciation and the only way to get money out of the walls is to refinance it or sell it.

Last time I did it the utilities required one of their guys on the roof lifting the lines as it moved down the street and each lift was $100.Several would have cleared but the jerk lifted them anyway, with a big smile on his face, hope his limp improves someday.

Peter, as others stated, an NOO loan will likely be higher than the figures you quoted, plus, in order for investors to compare apples to apples, we use the entire purchase price and assume the loan would be taken out for that amount.

The IRS may agree to lift it; however, they do not have to and then they would be due the amount from the estate.

What are my assets worth if my customers cant pay rent or buy my apples or ect.?

Apple, IBM, Yahoo, Cap one, etc.

Now an athlete may do this when he is retired, but that is only because they can no longer make any money competing in the sport.This comparison may not be precisely apples to apples, but I think it gets to my point.

What I (often) see missing is how we compare properties on an apples-to-apples basis - i.e., by PRICE PER SQUARE FOOT.You need to know the $/SqFt for all recent sold comps (houses of similar type in close proximity) to help to determine the potential value of a subject property.

my spirits have been lifted!

Then in my orchard I literally make nothing there per hour because Im trimming and planting apple trees how much does a landscaper cost?