The moral of the story is: you can go into an analysis paralysis trying to optimize the end result :)In our market, if your total cost is 80% - 85% of the ARV, I would say it is a stellar deal and you will come out way ahead over the long run.

Hey Kyle,I also attend and I’m a member of RIREIG, I may have missed your debut. 

These look like stellar rates and terms to me. 

In that case, you'll see percentage rates all over the board but it's all a bit of a shell game.  6% interest over 25 years with $0 down payment is not a bad deal at all, especially on a well-renovated set of properties.  3% interest over 15 years with 20% down is a bad deal generally, even though the interest rate is nice.So long as you're looking at low cash out of your pocket in the deal and would have the ability to refinance, prepay, or assign the owner finance loan then this could be a stellar deal! 

Maybe you need to build up a track record and some relationships in MD to get the advantageous interest rates you want, and for now you have to take less-than-stellar terms. 

My credit is not stellar and I don't have much cash reserve, so I'm looking to see if this would be an option for me.Right now, my partner (soon to be wife) and I are supporting our son, daughter in law and 16 month old (adorable) granddaughter.  

Can anyone recommend a stellar property management company that handles properties on Whidbey Island, WA?

To determine this you don't even need to include your subject or even your comps as you're only quantifying what dollar value a particular feature brings in that market.Once you have that all done simply make your adjustments and as long as you did everything objectively as possible with the data supporting it you got a great starting place to determine your subject's value.It can take up to 2 hours to do this but it gets easier and sometimes the appraiser/assessor offices online is just stellar and really reduces how much time is needed.

Your profit likely won't be stellar on this first one but the education is immensely more valuableGood luck!

We just bought our first house over the summer, which after learning a bit more on BP seems to have been a less than stellar deal... but at least I'm not buying it for my landlord!