@Bryan Blancke There are a lot of RE investors in SE Michigan and it is very competitive.  

WE GOT CREATIVE, we ended up using Equity in one of our properties as a down-payment on the next one. take a broader look at RE se what else you could do.

No I do not use a spreadsheet per se as you posted, however, I do analyze each comp and adjust the value just as an appraiser would based on differentials in lot size, square footage, bed and bath counts, design and layout, condition, amenities, year built, etc.

If you have current SE activity that is expected to continue, you can setup a Solo 401k plan (assuming you don't have full-time employees).

The auctioneer was inexperienced, lost (could not find the correct legal location of the auction, I had to call her on her cell), could not pronounce "situated", read the entire legal description down to the manhole cover on the SE corner of the property and was personable and pleasant.

It's a paycheck, let's be honest, they are not invested in the outcome of the knock per se.

Anybody interested in a nice 3/2 in SE Tucson?

We are fortunate in SE Michigan because there are a lot of active RE investors and several regular meetings.

(local here in SE Florida, wrote a popular book on Amazon)https://www.freedommentor.com/apprentice/ (Also in Miami and wrote a popular book on Amazon)http://coachingbypeter.com/ seems to be legit, few good/few bad comments but seems to be actively doing deals.Whats your feedback or suggestions?

Their are no financial requirements per se, just having the paperwork on the 2 deals in place and having a title company experienced will be enough.