@Charlie McClskie, The IRS does not like to see a taxpayer change anytime immediately prior to a sale.  

Hey Charlie MacPherson , not an indoor pool.

The Dhandho method expands on the groundbreaking principles of value investing expounded by Benjamin Graham, Warren Buffett, and Charlie Munger.

As Charlie said the majority of retail buyers just want to move in.

@Charlie MacPherson Thanks for the encouragement and it sounds like your fix and flip is going extraordinarily well!

I was at a meeting the other night with John and Charlie, talking about my areas of interest and where I'm moving deals and whatnot.

@Jd Martin@Christine Kankowski@Park Pratt @Craig Bellot@Patrick Collins@Mike Wood@Amy Kendall@James Marshall@Michael Kalis@Andrew Johnson@Gabriel Haro @Debra Grumbach@Walt Dockery@Joel Owens@Charlie MacPherson@Rich Ng @Steve Vaughan @Chris Purcell@Jake Thompson@Carol Zeroual@Walt Dockery@Michael Plante

@Charlie Vollers,Yes, in Denver, I've seen many examples of the duplex getting divided into two separate deeds and sold off as two individual "half duplex" or "townhome" or "single family attached dwelling".

Hi @Charlie MacPherson Thank you for the quick and helpful response, I will be sure to ask about the septic and to reach out to Ann about the lending. 

One-time Expenses$1000 - Acquisition Costs (minor rehab, legal, & inspection)Annualized Expenses10% Gross Annual Rent - Vacancy Costs (turnover & lost rent)10% Gross Annual Rent - Property Mgmt (standard)$1176 - Repairs & CapEx ($1 per sq foot for tpical property)$1516.46 - Property Taxes (5 year historical average for typical property + 10%)$1000 - Property Insurance (a nice round number: seller reported that he paid $708/mo for one duplex)$27 - Water & Sewer (average across several properties from last month)$0 - Gas, Electric, HOA, Snow Removal (tenant pays or not applicable)$60 - Lawn Care (I made this number up)COMPARATIVE ANALYSIS:This is my analysis of the five properties that are being negotiated right now, listed from best to worst.Property Alpha (two-flat)$1250 - Income, Monthly (actual)$567.37 - Expenses, Monthly (estimated)$42,000 - Price, Signed Contract36% - Cap Rate (Annualized Income / Price)16.6% - ROI, After Tax (annually, assuming 15% income tax)6.0 Yrs - Until this property pays itself offProperty Bravo (two-flat)$1100 - Income, Monthly (actual)$537.37 - Expenses, Monthly (estimated)$42,500 - Price, Signed Contract31% - Cap Rate (Annualized Income / Price)13.1% - ROI, After Tax (annually, assuming 15% income tax)7.6 Yrs - Until this property pays itself offProperty Charlie (duplex)$1075 - Income, Monthly (actual)$532.37 - Expenses, Monthly (estimated)$55,000 - Price, Informal Discussion23% - Cap Rate (Annualized Income / Price)10.7% - ROI, After Tax (annually, assuming 15% income tax)10.3 Yrs - Until this property pays itself offProperty Delta (SFR)$875 - Income, Monthly (actual)$492.37 - Expenses, Monthly (estimated)$48,000 - Price, Informal Discussion22% - Cap Rate (Annualized Income / Price)8.8% - ROI, After Tax (annually, assuming 15% income tax)13.6 Yrs - Until this property pays itself offProperty Echo (SFR)$770 - Income, Monthly (actual)$471.37 - Expenses, Monthly (estimated)$62,500 - Price, Informal Discussion15% - Cap Rate (Annualized Income / Price)4.1% - ROI, After Tax (annually, assuming 15% income tax)24.4 Yrs - Until this property pays itself offNotice how the price keeps going up?