Now if you are willing to close in say 6 days instead of 30-45, and are offering the property as is without an appraisal, I would subtract out the cost to fix things against comps at a 2.5-3x multiple for smaller items and a 1.5x multiple for larger items.

@Brechman Dieujuste is talking about a carry back option, so we'd have to back into the cash to close after subtracting the carry back amount (plus closing costs).If the current mortgage is truly assumable at 3.2%, that's way better than you can get on the market right now. 

With submetering, you can provide readings at move-in and move-out and thus bill the tenants precisely for their usage.Many duplexes in Columbus already have either submeters for both sides, or a "master-deduct" system where there is 1 submeter for 1 side and they subtract that usage from the main city meter to determine the other side (not ideal though).

I needed clarification in a real estate purchase and sale agreement on a wholesale Offer to purchase agreement. 1) The correct way to explain to the seller whether this is negotiable or not 2) if negotiable who negotiates it ( buyers agent /seller agent in case the best use case is wholesale ( realtor to represent the wholesaler) What is the true logic behind the non-refundable due diligence, in wholesale transactions if the wholesaler is not taking title to the property how is it reflected in the contract, does it get subtracted from the purchase price or not?

I subtract the move in fee and apply the rest of the balance to the rent on the front end of the lease.All Chicago landlords need to read the entire RLTO and memorize it.

Then subtract from that all the costs - cost to buy, cost to sell, cost to repair, cost to hold the property (taxes, utility bills, insurance, etc.) - subtract a little buffer amount, since repair expenses often exceed the planned amount. 

Then we’d take 24% off the profit for taxes, subtract all the expenses and divide the left over profit 50/50.

-take your cash flow (Net after expenses and mtg payment)-Add your principal payments back in you made on your loan, as Principal payments are not deductible-subtract your depreciation, about 3% of purchase price (actually, building value only/27.5 years)= Taxable IncomeThis, of course is just relating to the specific property and doesn’t consider any expenses you may have trying to find properties, education, etc.

I plan to use conventional mortgage because (1) If I sell my stocks, I will need to pay capital gains tax of my stock gains and (2) I won't be able to subtract interest deduction during year end tax.But, I am wondering could anything go wrong? 

His advise to me was to get comps, subtract the land value, then divide by the sq ft to get a ballpark estimate of the cost/sq ft to build new.Using his method with comps my realtor sent me, my estimates for new construction for a fourplex = $144-$154/sq ft and for a townhouse = $155-$197/sq ft.