Warren Buffet was known to recite all the numbers of the annual reports that he studies for fun.3. brush up on your handyman-ness!  

unless we were selling a block of 20 or 50 of them or something.WE see them in land development and I am sure they are used in bigger commercial and maybe some Multi.. but multi has been so hot maybe they don't use them much there right now I don't really know..But in SFR I would absolutely say they are a waste of time.If you want a short cut just create your own one page purchase and sale contract.. in our state we have Stevens Ness forms you can buy at  office depot that are one or two pages.take one of those customize it with your name etc and use those to shot gun deals out.

The pond scum - ness of the scammers never ceases to amaze me.If only they would use their tiny little brains for good instead of evil.....

He's been incredibly supportive with my "newbie-ness" and gets that it's about the numbers.  

I need to verify if I'm wrong AND if I'm right, so verification and/or telling me my incorrect-ness is more than welcome.

The 4% increase is well worth the more active ness of the investment because the 4% is greatly increased by the added income of appreciation, tax benefits, amortization, and leverage abilities.

For the experienced out of state SFH landlords - apologies if this question gives away my "newb-ness" but what is the difference between a home warranty and home insurance?

@Brad ChandlerNot adding any revelation here.. but from looking over my wife's shoulder maybe FB has fostered a "mindless"ness that the bulk of the eyeballs just aren't the sellers or have switched mindsets to not be thinking "important financial decision" needs to be made.LOL.  

The only path with these is to maintain month or yearly breakeven-ness...and eventually the equity will increase.Instead of buying 8 units...I should have only bought 4 and put more down.   

For even more accuracy, we choose to only use comps that are 1/3 mile away or less, with sales dates within the last six months.Sometimes, even the street can make a difference in the value of a property.If the only comps you have are on very nice streets, but the house you’re considering is on a very “distressed” street, then you have to reduce the ARV.How much is an appropriate reduction is a judgment call on your part.You’ll want to base that call on how much of a discount will be necessary to entice the final owner/occupant to buy this property over one they can get on the “better” street.If the comparable sale that you are using is too different from the subject property, then it is of little value.If you use it in your sales marketing, you’ll lose credibility with your Investor Buyers.An example of a poor comparable is when your subject property is an old cottage fixer-upper, and you compare it to the sale of a brand new in-fill (an in-fill is a new house built on a vacant lot in an otherwise established neighborhood).Rehab dollars vary according to level and detail of the job – everyone has a different formula.As a wholesaler, we suggest a middle-of-the-road approach for estimating enough rehab dollars to get the subject property to look like the comps.You’ll need to spend more on rehab as the ARV increases.Logically,buyers like more ‘pretty-ness’, higher-end fixtures, cabinets, etc. when they’re paying $200,000 vs. when they’re only paying $100,000 for a house.Buy/Sell/Hold costs are all of the costs associated with:üThe purchase (loan origination fees, title insurance, attorney fees, survey, appraisals, etc);üThe sale (real estate agent commissions, marketing and advertising, closing costs paid by the Seller); and üHolding the property (mortgage interest, utilities, taxes, insurance, etc.).