W/O an offer, we normally can't get to any PnL and our offer would very much like to be based upon that unobtainable PnL - - catch-22.My back of the napkin analysis goes like this:GSI - Expenses = NOIExpenses ASSUMED to be 33-50% of GSINOI * 10 (an assumed GRM) is the MAX  purchase price to be offered.When we get the Sch-E for two years and the corresponding rent rolls, we can correct our assumptions and amend our offer via the contingency approval of both.

Also, if there are no "sanitary sewer" man hole covers along the street, no one has sewer system.

@Nicholas Jestus I ran I quick cash flow analysis that we sometimes use when doing a quick 'back-of-the-napkin' for clients.

But there's always reasons why a less than a year hold might be appropriate or a longer than a year period might be needed)Your past historyCurrent practiceDocumentation - emails to realtor, accountant, where you place the property on your tax return, the cocktail napkin where you scoped out the potential rental numbers.Unsolicited offers are goodSales prices too good to reasonably pass upThere's a lot of folks that do both.  

.• Clean and sanitary buildings, grounds, and appurtenances (for example, a garden or a detached garage), free from debris, filth, rubbish, garbage, rodents, and vermin.• Adequate trash receptacles in good repair.• Floors, stairways, and railings in good repair.In addition to these requirements, each rental unit must have all of the following:• A working toilet, wash basin, and bathtub or shower.

She claimed it was due to sanitary issues.

You could also scribble on a napkin what the total payments amount to so he has an idea how being the banker will pay him.

My goal is to increase my awareness with the analysis tools and methods in BP Pro so that I have a level of savvy and confidence to spot a good deal on a napkin.  

so i have a section 8 tenant in one of my rentals. she is a good tenant. about a month after she moved in we had the plumbers come out and roto rooter the main line leaving the house. i didnt mind. the cause for this instance could have been anyones, not to mention it hadnt been cleaned out in a few years. no biggie. 5 months later i needed to call out the plumber again. this time the main cause of the plug was someone was flushing down those sanitary wipes, which are not biodegradable. this is purely the tenants fault obviously. bill totalled $300+. she has no way of paying this as she stated. housing authority has her locked in for 2 years from begining of the rental contract. i dont necessarily wanna give her the boot, but this is a business. my real question is: she wants me to take it out of her deposit, then she claims she will replenish the deposit once tax time comes around, around feb- march 2013. is this legal for me to do?

We rented these to oil workers.Having some experience, we insisted on "oversized" sanitary lines in the shower unit, and all fixtures were to federal prison standards.