I *really* like this area of REI, to the point of making my own GIS sets and derivatives (kmz's and fusion tables).

How you derive at your figures, what you anticipate and yor planned use of funds gives a good indication of your management skills and analytical abilities.

Edit: I may have goofed on the debt service above b/c you are putting 20% down....not sure if the payment you cited includes the down payment or not and too lazy to figure it out...trying to do this while eating ribs :)....you can adjust the debt service and cash flow accordingly.Edit 2: Do a Google search for "Ray Alcorn" and "Deriving YOUR Cap Rate"...read the article and redo your financials quickly...curious to see what you think...loan constant should be in the 7s and cap rate is near 10 so it should throw off some cash if your NOI is accurate

This tax pre-dates IRA plans and was enacted by congress to prevent tax-exempt entities from driving tax-paying businesses out of business.When an IRA uses leverage, there is another trust tax known as UDFI that applies to the profits derived from the non-IRA capital.The two taxes do not double up, and UBIT tax precedence of UDFI, but on a highly leveraged flip one could have exposure to both.If you want to go into tax-land, check out IRS publication 598.With that background aside, you could successfully put IRA money to work in real estate.  

Yes, your value should be based on "Fair Market Value" which is derived by comps.  

This is just derived from my reading of various conflicting books and documents.

Or they can change this value to say 200 to bring in comps within 200 sq ft either.Do that for square footage and age of home.Then have user run the macro.It would come up with an estimated comp for the subject property.Then it would list the comps used to derive that value.Address, age of home, square footage, bedroom count, bathroom county, basement, garage, and concessions.Those are my initial thoughts anyway.

When the derivatives ponzi scheme collapsed, we saw huge drops, but there were no drops below the historical mean we would've had if the easy money were not there.

Generally these are the things details in the note:Current date Names of the partiesinvolved address as collateralterms of loan, which includes:how much the loan ishow long/durationinterest ratemonthly payment (derived from interest rate)when to pay (monthly, or at end of loan, etc...)any penalty for late paymentany option for extending the loan duration at end of termprepayment penalty or notWhat happens if you default As far as check deposits, you already have loan notes as proofs.  

Projects that derive more that 50% of their returns from "gain" or a speculative reversion cash flow are generally considered "growth investments."