Total ROI (including appreciation and accrued equity)e.

You'll have accrued interest, forced insurance, property tax advancements, or back taxes, etc.

Just out of curiosity, what changed with your Memphis properties in 2012 that caused you to not be so thrilled about them?

So I'm OK with accepting 8-10% cash on cash...still a few percentages points greater than historical stock market returns, and that's not inclusive of any tax benefits or accrued equity.I've been rather spoiled by my current condo tenants.

I realize you aren't really making payments (which is a good way to catch your sham transaction) but the note holder has interest earned, was that accrued income claimed, are you on a cash or accrual accounting system?

We kept their $10K in accrued option fees, did another rehab (a good one this time) and sold above market (got VERY lucky on the sale and appraisal).We made $3K for our 3 years worth of effort...and were thrilled

Out of curiosity how expensive of a fix is this, is the outside AC condenser trashed now or can it be fixed with some rerouted copper tubing?

You can buy the lien and the interest accrues.

And generally, the owner will owe maore than they think, with accruing interest, force placed insurance, taxes(maybe not in this case), etc.

Out of curiosity, in the below image search what type of link is the top most search results in the red rectangle?