Math tells us if the deal works or not. 

ok you have flushed out the difference between these two neighborhoods but what does the math tell you? 

I wrestle with this myself in spite of the math.  

I am a math/accounting student and a bartender downtown.

Sketching the math for ten years- I got 100K CG rolled in, 70K future depreciation (which I have no use of due to low rent income, but will be forced to claim on a future sale), 20K closing/settlement etc.

The market is truly hard to math on.

Hi,  I'm working on my math skills and have a question for those that are experienced. 

Once it is boarded they will charge between $20-$35 a monthIf the note is performing and for simple math say they are paying $500/month (principal interest only- keeping escrow out for simplicity), you would get a check for $465-480If it goes non-performing you can use the servicer to go get an attorney and handle to the foreclosure for you.

For sake of simple math, and believe me I've run a lot of scenarios that are more detailed, let's say $250 ARV, $100 Purchase and $50 Repair costs......Option 1:  Hard money loan Certainly hard money is the easiest and for a reason - not cheap. 

Here's the math i'm just gonna use easy numbers to illustrate: Say the depreciable basis now is $27,500.