But this perhaps reflects that the rents could be raised.

We have ample capital, and plan to take a substantial "first loss" position in all properties, bearing losses to cushion the lenders.Also, when you say 65% of "purchase+rehab", for a reseller like yourselves, are you talking about MemphisInvest's cost, or are you talking about the higher purchase price of your ultimate buyer, reflecting MemphisInvest's reasoanble profit margin on the re-sell?

Not that the investor is concealing the truth but rather what generally happens is what the investor is actually making from a month to month perspective is not reflective of what the tax preparer has displayed.

property management ~ 1400 (~10%)vacancy ~ 1200 (~8% with good niche market of students)Debt service w/PMI assume 4%, 30 year fixed = 590x12 = 7080Total expenses w/ debt service = 14,330Total yearly profit = $2470CoCR@1500 = 86%CoCR@1400 = 61% (pm/va values changed to reflect rental price)CoCR@1300 = 40% CoCR@1200 = 17%I have two questions regarding this deal.1) Are my estimates for expenses ballpark for your average house of this nature2) Does this deal make sense to do in light of the fact that my investment options are somewhat restricted by my requirement for a move-in-ready-homestead?

Husband hasn't been making payment for months and i'm quite sure taxes have not been paid either (she is on title not loan).Sheriff Sale is at the end of the month and the end of redemption looks to be May. bringing the place current is not an option. they owe the bank $295,000 (to bring it current)about 12k out of pocket and the comps reflect a value of $140,000.. man!

But, by specifically stating a "Cash Flow" number that doesn't include these expenses, you ARE ignoring them.To not ignore them, your cash flow statement should be, for example:Cash Flow: $309 MINUS OPERATING EXPENSESAt very least, you should include a disclaimer to the effect of, "The Cash Flow and ROI numbers do not reflect the inclusion of operating expenses; actual cash flow and ROI will be lower."

Adjustments to reflect the actual rent of 700/month follow.50% expenses leaves $350 / month, $4200 a year.

One person had called from the second letter and said they were working on a refi with the bank, and that the auction date was postponed (my source didn't reflect that).And where there was no auction date listed, I was counting 60 days from the date of filing, but some have the auction date only 30 days or less after the filing date.I don't want to waste my time writing letters to dead ends.

I live on a lake in the northeast - so I get the sun reflection from the lake all summer long, then we get below freezing in the winter.

In the event, that a certifiable appraisal by an appraiser of JMAC Investments, LLC or it’s affiliates choice, reflects a value lower than the option price, the property can be purchased for the current appraised value at the discretion of the Optionor.