Here's a great example that I like to point out to people - back in the days before the crash, banks were loaning people much more than a house is worth.

This also is subtracted from the total to arrive at the maximum bid.The point is to start with a simple formula and replace with real estimates and actuals as soon as you can.Hope this helps.Bill

I didn't know one rehabber, not one investor friendly realtor, not one title attorney before arriving in Atlanta.

Just as the buyers were talking about pulling out we found a notary here in Kuwait and had is signed and sent fedex to the US $100 and it arrived on time but the recorder did not like that document so she declined it.

And then it all crashed.

Like others have said, you can always change the due date to accommodate a tenant whose income consistently arrives on a later day in the month, especially if it is a good tenant.

The local economy stayed afloat from a large British Petroleum refinery project, staying off some of the deeper affects of the crash.

Many builders and developers can't seem to finance larger acreage developments and multi home tracts using traditional bank financing, and most of the developed land that was developed prior to the real estate crash of 2008 was absorbed in the last 5 years by larger nationwide builders.

I'm inserting a pic I took, once everyone arrived.

In your last post I'm wondering how you arrive at the "value" in each scenario.