That is why you want to buy below Market Value.Market Value is the price an asset will trade (sell) in an open competitive environment.Defined as follows: Market value is the estimated amount for which a property should exchange on the date of valuation between an educated buyer and a reasonably motivated seller in an arms-length transaction after proper marketing wherein the parties had each acted knowledgeably, prudently, and without undue influence.The delineation of "After Repair" or "As Is" technically exists only as jargon amongst REI groups and conversations.

I took so many notes that were helpful around the sales, it was worth every bit of it.The reality is, the Rich Dad programs, even the advanced trainings, have amazing information and are technically worth every penny.

I can now talk circles around most folks (including 99% of investors) regarding the technical details of renovation and construction.

So, you shouldn't be fighting with an agent at all, only their broker (and you probably shouldn't be fighting with the broker either).Second, you only pay a commission if the deal is closed (there are some edge cases where you'd technically owe a commission on a deal that's not consummated, but those would involve you not living up to an executed agreement, which you never had with the buyer the first time around).Third, if an agent/broker has an issue with a buyer breaching an agency relationship, that is between the broker and the buyer, not the seller.

This would be a question for your CPA, but I believe you would technically report the income when you get it.

Back end can technically go to 45%, I think, but only if excellent credit and compensating factors that will improve the ratio in the next 12 mths, for example.

"Every dollar spent" is not coming out of your pocket (unless you are only technically speaking).

It's technically not a "buy and hold" property, but for 2011's tax purposes, it it taxed that way?

That said, it looks like the operating expenses you're assuming aren't too far off.The one big item I'd add into the "expense" category (though technically not an expense in accounting terms) is capital costs -- these are the long-term costs you'll face to keep the property well maintained.

Compare that statement to some others in the industry: "We believe that responsive technical support is a requirement for our continued growth."