What you really need to have is the NOI, so PP x Caprate(%) will give it to you.The BOLD assumption is the cap rate and Expenses are accurate, but it's a starting point.The NOI is what you will pay any mortgage with and the residual is a deposit to your personal account :smile:

In addition, there’s the ominous if and when “taper” question, and a spate of residual mortgage-security settlements from the crash in 2008.

There is nothing I love more than collecting residual checks!        

Again, in my OPINION, buying just one or two or even just 4 doors via turn key or otherwise is not enough to make any significant amount of residual income via cash flow, so you must look at the bigger picture.

In addition the residue collected must be contained in sealed containers and disposed of at a contamination waste site.It can be DIY, but you're risking alot to save a $1.95. 

Trying to get a conventional loan on a property where an inspector can discover residual damage after the fact could end up very costly.

There are often residual bad feelings from the other children.  

The residual income and tax benefits usually far outweigh the quick nickel strategy. 

Andy - thanks for the JV perspective - if i understand correctly, in this case if the rehab pure cost is $550K, you would add $55k for rehab profit, and then take 30% of the residual equity achieved on the deal?

Currently scheduling inspector for Thursday 21 April 2013, also scheduling a mould and meth residue assessment, hopefully for Thursday as well.I got my Fire Policy Quote today, much higher than I expected: $1960 a year.What else should I be digging into?