I’d be happy with 12-14% annualized returns when notes are performing, plus a “kicker” derived from a discount from UPB if the note prepays.

Taking a look at the four major investment tools , Amortization, Appreciation, Tax Shelter, and Cash Flow we derive our Highest Possible Offer.  

Also since you do not know what ARV really is then you certainly are not skilled at deriving and figure you can count on.

These conditions are highly derivative of typical conditions that my bank would require after approving but before funding a loan.

@Albert Bui - I don't know how you learned about GRM, but you got it wrong because ANNUAL rent is normally used to derive GRM. http://en.m.wikipedia.org/wiki/Gross_Rent_Multipli...

Congrats on the successful business and successful exit @Erik Johnson.REITS are derivatives of stocks and do not offer tax advantages like owning real estate does.

I would be curious to know where the ARV is being derived from. 

@Steven Brown, while it would be fair to take the average of the market derived GRMs, it would be more accurate to calculate a value based on where the subject's GRM should fall within that range.

The tenant's rights are derivative of yours, so unless there's some quirk in Georgia law giving tenants greater rights than owners, he can't do anything you can't 

I should have always been on the look out for an evolution mentor w/I real estate.Expanding further--I started at the tough end of the spectrum "buy and hold" versus at the knowledge end of the spectrum on hybrid/derivative deals like: subject 2s, owner financed, Lease options, wraps, joint venturing with owners to fix, retail resale something they would otherwise not have the capital, time, or other resources to do.