It doesn't earn a rate of return and its not liquid.Robert is showing you a way to derive two sources of revenue from this asset.

Here's what's not easy to see when you're reviewing agent-provided NOI estimates:  You'll have "projected financials" that show things like maintenance and owner-paid utility costs that are derived from a property that's 50% occupied.  

I analyzed the property as is and used a vacancy rate with my calculations but I wondered if the month to month should be credited to derive my offer. 

The only caveat is if the income is derived from self-employment in the same line of work in which you were previously employed, then 1-year minimum is acceptable.

Of course, I have more time than most people to pick investments.Some people really try to make the investments more complex than they need to be.Unless you have a degree in math please to not try property derivatives with a credit default swap hedge.

I have heard many times that a standard is 70% of ARV minus repair costs. obviously that percentage can vary depending on the situation, but my question is when figuring your offer price is the "repair cost estimate" subtracted from the 70% of ARV, deriving your total offer price?

If you are a single-member-LLC any income derived from your rentals will be pass through income to you personally. 

Companies like List Source will not offer services in Kansas due to a law created awhile ago, K.S.A. 45-230 which states, "No person shall knowingly sell, give or receive, for the purpose of selling or offering for sale, any property or service to persons listed therein, any list of names and addresses contained in or derived from public records".

Answering those two questions will let you derive a lease rate that you can back into a cap rate and figure out how much can be spent on the land from there.For example:If the lots are 1 acre total you can conservatively assume 35% coverage which gives you a 15,246 SF building. 

It's outdated information and derived primarily from open-source information that can easily be found by using Google.If you need updated addresses only, try Family Tree Now.