@Matthew McNeilThe BEST books on Cash Flow which tells you exactly what it is, how to use it, and why you should really study the Internal Rate of Return (IRR) and it's derivatives, is this one: What Every Real Estate Investor Needs to Know About Cash Flow..However, you will need to understand Excel Functions and how general spreadsheets work.The other issue is that the Author, Frank Gallinelli, probably makes the assumption that most of the readers of this book have at least High School Math.I will tell you from my own teaching of Adults, there is NO WAY the average American Adult, including Doctors, Lawyers, etc. remembers Math to the extent of High School.Yes, you don't need to know Pre-Calc, but people get so confused with Math.

My knowledge is derived from advising clients about these deals and also preparing the tax returns at the sponsor level as well.  

As far as value, these are considered residential type loans, based on that, value is derived by the sold comps with 1/2 mile potentially expanded 2-3 miles from this home.

Treasury holds for its Treasury bills and securities or is derived from the U.S.

I’m obviously not referring to some reverse beta derivative closed end boutique fund.

Don't take it to be a PM derivative -much of it is up to you ! 

It’s looking to me that a lot of the success in real estate comes from capital appreciation, which in my opinion is luck derived from speculation (maybe I’m wrong?

That's okay, but may not be the best choice for someone that is set on deriving their income and wealth through real estate.I hope this helps?

I had a great conversation with @Kay Kay Singh today about the depreciation of gas stations, and thought I would share some relevant information regarding the tax laws for the general benefit of the BP community.Gas Stations (or 'retail motor fuels outlets' as they're called by the IRS) are depreciated over 15 years, and not 39 years like almost all other commercial properties.If any one of the following three criteria are met: It is not larger than 1,400 square feet. 50% or more of the gross revenues generated from the property are derived from petroleum sales. 50% or more of the floor space in the property is devoted to petroleum marketing sales.Here is the link to the IRS publication on this subject where the above words were take from.

The offer/Purchase price is derived by working backwards from the ARV.