Old check arrived in the mail postmarked the 11th...

My only experience in RE if you want call it that , is loan officer/marketer for a mortgage company before crash, I did most of the leg work for the company.

How did you arrive at a 10% cap rate? 

Do you want cash flow or appreciation. post crash there are a lot (more than there were) opportunities for positive flow, with low interest rates too boot.

@Kodie Altvater costs are ultimately a factor of 2 items, if you're efficient: labor+ materials.the goal is to arrive as close as possible to just those 2 factors with as little add-on as possible. add-on being profit, a companies overhead, etc. labor and materials are unavoidable (as well as other stuff like permits)....so how does one arrive at those costs?

Are prices there back to the "pre-crash" days?

Merry Christmas and Happy Holidays.Closing one more SFR before 2016 arrives

Prior to the crash the segment of distressed debt we have now in regards to loan inventory in the secondary as well as service providers - such as Mortgage Servicers all emerged.  

It's hard enough to hit a target you don't have, but also hard to hit a target you don't see clearly.Equity has value, but that value is volatile, as we have seen thru the recent crash.

He is walking away because he bought theses properties during the crash for 15-30k each, refinanced, and took the money to help finance a deal in another state.