The 1 mile income radius could be misleading in either way to the positive or negative if the property is on the right or wrong "side of the tracks" so to speak.The 80% occupancy, if it's solely due to the mismanagement of the current owner could be an opportunity. 

I don't think I can post links on here, but could be wrong. 

The figure for without compounding makes perfect sense to me.For compounding, I took PPR's example, and calculated the annualized return:With the following numbers:A = $1,431,237.45P = $1,000,000.00t = 3This produced an annualized return of 12.68% over the 3 years with compounding.What am I doing wrong in this calculation (I'm certainly not a quant)?

I mean, don't get me wrong, we have to comp the property...so if you are looking to REHAB the property and make it something different, then you need a rehab loan first and then refinance after type of thing. 

You can make money there, but it's hard money, and it's not forgiving if you get it wrong.

Jared Provost 906-362-1801raincitycapital.com Middle Man Broker Fees LOL There is absolutely nothing wrong with an experienced Broker finding a solution for an investor and charging a fee for a service they provide.

(I'm currently dealing with a lawsuit for wrongful death on one of my properties - fun right?)

If you discovered the issue before paying for the appraisal that could hopefully save some costs (in case the appraiser is with the wrong AMC).Pre-vetting with the lender on rental history/AIRbnb/1007 as well as seasoning could help. 

Am I wrong?

Hopefully I am wrong, but based on everything that has come out on - I am gonna go with my gut.