I have funds in place and would like to know if anyone has some good contractors on Long Island well versed in the fix and flip methodology.

I've got some deal sourcing skills - albeit with a totally different set of parameters, but my thinking is the methodology and diligence required is similar. 

I have been investing for close to 40 years - hard to believe and I am going tonite - love to gain new insights and methodologies.

Is this a reasonable methodology to arrive at offer or price point regarding cap rate and potential rents?

So doing market research on rents independent of seller details, and then I assume, add a clause in the offer about current tenant rate that survives the transaction.Do you have any practical methodology for analyzing operating expenses if the owner doesn’t disclose?

This information is not about license but its more like a utilization of depreciation methodology.

You get a write-off for your interest paid right now that you would no longer get if you paid them off.I think the people who want to sleep soundly at night opt for the debt free methodology.  

So my take on it, until NAR decides some day to publish to the public their statistical data collection methodology, is that 2/3 of Realtors are renters.  

Listen to this podcast with David Allen the author of GTD. http://www.biggerpockets.com/renewsblog/2015/04/09...

That, in my experience has nothing to do with accounting methodologies but instead has everything to do with good assett management.Just my two cents...