A lot of things affect this in the shorter term, for instance if it is a well-built newer property, or has just been through a solid renovation, expenses should be lower for a period of time...maybe 30-35% of income. 

For instance, use the tax amount that the buyer might encounter vs what you have paid since 1999?

You can always make specific instances of payment for specific work products, again, each one should be in writing. 

For instance, I know a few shop owners, mechanics, restaurants, etc. and got permission to put my business cards on the cashier counter.As far as the numbers, if they work and you can see them working in the near future, then why not?

For instance the laundry room was divided into three closets and a very small “hallway” where the washer and dryer sat, so I took out some walls.

Always good for everyone to hear of these types of situations and to insure that when evaluating the deals, to understand a good reserve/LOC is required for just such instances. 

There is a lot more risk for them and their asset portfolio than there is with a large bank considered in some instances "too big to fail." 

I won the last 2 auctions and Wells Fargo didn't accept and returned my EM in both instances.   

Books and magazines I am at least going to open and look at every page to my right, Amazon Prime music streaming my favorite play list over my Echo, and cats more or less subdued... which is strange because their feeding time in only 30 minutes away...I am not proud to say this intimidates me.

I could be patient and wait to find a deal not unlike how this one first began.For instance, she bought the property at auction for 80K.