Or, solving for debt service will give you an idea (albeit subject to the details of your financing arrangements) of how much you can spend to acquire the property given the average/acceptable rents in a particular area.I like bar room napkin math and this looks like a quick and dirty way to determine whether I should spend more time considering a particular property or not.Please let me know if my conclusions are flawed.Thanks again,

If any attorney on the forum can provide some feedback, that will be much appreciated.Signatures on a napkin can be a proper legal document.

Then we take our napkin sheet to our person that will make a pretty picture out of it.In my area, the price varies from a basic licensed architect at $1.00 ft and basic draftsman at $.50 ft.

RodneyI do a lot of HML to fellow investors that have sat down with me with a business plan (sometimes on a napkin) & the capability to do the work.

-Calculating expenses (I read an article about being able to calculate them on a napkin to estimate positive or negative cash flow), but I do not know where to find these numbers, including HOA costs, utilities and whatnot, mortgage, vacancies, etc.

-Calculating expenses (I read an article about being able to calculate them on a napkin to estimate positive or negative cash flow), but I do not know where to find these numbers, including HOA costs, utilities and whatnot, mortgage, vacancies, etc.

I have also seen some incredible green park models that are 100% solar and require no sanitary hook ups as the waste is turned to ash.Clarification: This is not to say there are not well built HUD Code homes already in existence and being built, because there are.

You can also pull out a napkin from your Hardees bag and write up a contract on that, just you and the seller (or buyer).

Jon's back of the napkin numbers look pretty reasonable to me but they might just serve as a starting point for your offer.

This is obviously just a napkin drawing.