You will never be wildly successful at something you don't really enjoy doing.

Your expense to PURCHASE the property, i.e. your debt service (payment + interest) is not included in this calculation.Obviously, your debt service can vary wildly depending on the terms.

Just a wild guess.

Markets that are overheated are what I call speculation markets with wild swings in values.I can see a mini-bubble on those because the purchasing and pricing was not based on sound fundamentals and smart controlled growth.

However I will be the fist one to admit that the actual results will be somewhat of a wild card since we have yet to buy a house with him, and have never attempted to do this much direct marketing before, and I really have no way of knowing how things will work out, however I came to the conclusion that if we can somehow still manage to maintain our pace of 2 houses per week from outside sources and somehow end up buying 2 additional houses a week internally then our goal of 150 houses is still a possibility.I also want to be 100% clear that I am not putting it out there that I know I am going to achieve this goal no matter what.

I believe that a potential buyer would be turned off by a messy house, a conflict with tenants upon entry, a wild barking dog, etc...

Second I would go for the any piece of the 20% interest (60% is better) & file a partition action;  in the complaint I would state that the heir who lives in the property has already been paid via living there.Here is my answers to your questions1) no2) 60%  with possession you could rent it out3) collect rent or force a sale4) court action*** the twist is the deceased heir's interest*** that's  your wild card that would be nice to have in your pocket, good luck  ps-- does the winner get to drive your 599 Fiorano??? 

(Special Order – FCST6AC021) Floor Grout – Polyblend #382 Bone (123-852) Cabinets – Unfinished Oak Cabinets (387-246) Cabinet Color – Mushroom (MSL 248) Cabinet Handles – 3?

There are rules of thumb, statistical averages, historical trends, preferences, wild *** guesses and 'ooh my gosh, I can't believe this worked' (i.e. sometimes you just get lucky).There are literally thousands of threads / posts discussing how to value property and you will see terms such as: "50% rule", "2% rule", "1% rule", "$100 per door" and others.To explain very simply; these are not rules in the standard sense in that they always work (if it was that easy, everyone could do it).

Folks should keep in mind that labor rates around the country vary as wildly as the real estate market does.