I was under the assumption she abandoned the property am I in the wrong here?

Then, you can ask your property management company about their thoughts on your expense assumptions.

I think if you intend to engage the services of the real estate agent later in the transaction - in other words, there is an assumption of payment - it would be fine to reach out for comps.

Account Closed The op doesnt state anything about the buyer moving in, so Im working on the assumption that he did not move in. 

Then, use the operating expenses (your assumptions based on how the property is currently operating) to determine an NOI.

I hate to make assumptions, but it sounds like you're talking with your investor hat on. 

@Ari BildnerChallenging the assumptions regarding property appreciation and rent appreciation here I think would be apt. 

I'm getting some similar numbers on a multi family analysis and was wondering if you felt the general assumptions work out.

., don’t forget the CPA and Lawyer costs) Again Net Operating Income is calculated before debt - what matters more is the NET Annual Income (or annual cash flow): NET Annual Income = Net_Operating_Income - Mortgage_PaymentsAnd that leads to the Cash on Cash Return on Investment: C/C ROI = Annual Cash Flow / (Down Payment + Closing Costs)And I’m willing to bet you don’t get C/C ROI above 10% on any SFR in Austin area (based on these calculations and bought with conventional means, not subject-to or assumptions, or owner financing or other creative financing).

And this assumption was based on many hours of research I have done from listening to podcasts to reading blogs to having discussions with people at my local investor meetup.