You've established a pattern where the rent is due at the end of the month.

I agree that it is a crude risk assessment tool and it breaks down for certain cash flow patterns.

My last property I acquired took almost 3 months of counters.ARV = 115KRehab = 7KCost = 20KProfit = 17250 (15% Min)MPP= 115K-7K-20K-17250=70750Listing Price = 92K, 240 DOMOct 1st Offer 52K cash, rejected 92K counterOct 7th Offer 55K cash, rejected 88K counterNov 1st Listing Price Reduction to 82KNov 1st Offer 55K cash, rejected 79K counterNov 14th Offer 57K cash, rejected 75K counterDec 1st Listing Price Reduction to 72K(I smell BLOOD)Dec 14th Offer 59K cash, close by 12/21.AcceptedI was able to go far below my MPP based on the DOM, pattern of price drops, and the end of the year that was approaching (plus stubbornness).As you go through more of these you'll learn the banks pattern for reductions.

( Make sure the installer uses multiples of 16 inches when offsetting the seams. ) Lastly, I applied four coats of latex poleurathane.Due to the random grain pattern and rough texture of the finished product, I know that all dents and scratches will not show or be easily repaired between tenants.

There is a difference between core urban centers and suburban to rural areas.In core markets is where recovery starts to happen first.It takes a much longer time for suburban to rural areas to recover.Most purchasers are not including rent increases for B or C product for the next 2 to 3 years in their cash flow analysis for purchase.What most apartment players I talk to are concerned about is increasing utility costs for commodities and upcoming inflation in the market.There are not many deals to be had in my core market but more in the suburban to rural areas.For class A core market product most definitely CAPS have gone lower and demand is higher.Developers for class A space aren't stupid.The ones I have had meetings with are in a holding pattern to time the market just right to build the ground up development.They are waiting for more liquidity and better terms to build and more pent up demand to lease up phases of their project faster.If they started building too much product right now it would impede their balance sheets too much as a company.Typical developers build 250 to 300 units at a time in my area and map out 2 to 3 sites in the area for phases 1,2,and 3 built over a 5 year horizon.So I wouldn't get to overexcited.

His marble/granite business has been doing poorly (which I used to work at).

The guy was a granite worker and so he installed marble and granite into most of the house.

I think I've decided to put tile instead of laminate in the bare areas.Since I won't be able to match the color of the old tile, I was told to put a marble transition piece where the kitchen meets the living room, to make the change in tile less jarring.

There is a telling picture on the photos of a downward hallway with extensive trim...that leads into the double arched basement with marble, etc.

That thought pattern will ruin you.