Sorry to sound ignorant but what should I be looking at then?

Also the lenders often cut agents fees,in short sales and if they're going to whittle it better to have 6% whittled then 3%.As for not presenting an offer, yes some agents are self appointed guardians but you don't know that for sure and what the asset manager has indicated to him regarding offers.Plus as you know some lenders often ignore offers period,.even when it's presented, its a leave it on the desk I'll look at it later thing and let you know, which is never.

That is just not the reality and if you choose to ignore the other expenses, they will bite you smack in the face once you own it and then the reality will set in that you overpayed.Using the most liberal operating expense ratio possible (37%), your annual NOI is $128,520 and at a 10 cap, makes your best offer $1.285 million (which I would not pay that much personally as I believe you would be overpaying)

Leaving $100 a month on the table is nothing to ignore for too long. 

Pro Forma is Latin by the way, it means ‘I had to fill in something’.You are wise to be running your own numbers and knowing what they represent, far too many ignore that and wonder why they are not doing better!

Let's ignore whether the city would let you, which I seriously doubt.

I ignore her and pay for the Writ and file it.

Right @Irina Belkofer , learn from my  ignorance!!

He claims ignorance and mentions he told me about this verbally, which does not make sense - otherwise I would have redirected him based on the location of the vent. 

When people say “just show enough for the offer because if you show you can afford more the seller will ask for more”, that is just out of inexperience and ignorance.