I was always under the assumption he only talked about how to get out of debt.

As soon as a life event happens with that tenant they tend to start trying to renegotiate the rent lower, move somewhere cheaper, go buy a house to own directly,etc.There are some areas where renters are outpacing supply so landlords can almost do whatever they want in charging rents ( if rent control is not in place) but those are few and far in between on a national scale.Just think of if you are top market rents and do your purchase projections based on that assumption what happens when the market shifts and rents go from 1,200 to 1,100?

*Vacancy*Repair & Maintenance*Capx, as well as future assumptions:*Annual Income*Annual PV Growth*Annual Expenses Growth*Sales Expenses

I would recommend sending them an LOI which lists your intent with the property, your assumptions about the property, and if possible, proof of funds.

If you're try to create a backup plan for owner financing or assumption of their loan.

Use more OPM to gain more CoC and ROI.Your numbers look okay, even though a few assumptions are hard to judge from our side, in terms of your DIY input and time to get it done.

If you were to apply income based valuation on 1 to 4 unit properties, you would likely get the wild swing that you have observed.Second, the formula of "Net Return" as you defined it (i.e never seen it used before) is essentially Cap Rate * 5 (i.e. using your assumption of 20% down).

@Bernadeau Charles Looks like a good deal, but some of your assumptions seem a little optimistic. 1.

The seller is also under the assumption that Opendoor represents them and is treating them fairly which I also don't believe is the case.

Some of my assumptions may be just that, assumptions, but I'd love to learn more from you about the REI climate around the Dayton area.