Pretend you're trying to sell your home in foreclosure.

In addition, even the "gurus" don't pretend that there are no operating expenses.Mike

So, even if we pretend that we can somehow magically determine the cap rate, all that would tell you is what the losers paid for their property.

@Gabrielle Woodard   One filter I use on differentiating a real "wholesaler" and someone who's pretending, is to ask the question "Do you have the property under contract?"

-Lets pretend it is 7 months. ($1k monthly payment on your finance)"In 7 months will I get another offer of $132k?"

Pretending you are a tenant and paying yourself rent will give you an idea how much the property will bring in if you eventually move out.

There's no reason to "list" a property for sale, if it's already pending, except if you're trying to pretend that you tried to "market" the property.

I’m not saying you should post it publicly for everyone to see or anything, but if you have business dealings under your own name I don’t see any benefit to pretending your address is secret.  

Now lets pretend there is no appreciation for the next ten years and that rent will not go up over the next ten years and you only rent it to tenants instead of doing a rent-to-own strategy to really rake in the big bucks.With $30,000 you would increase your yearly income by $23,700... is that enough for you or your wife to go part time?

In a nutshell, tax laws let us pretend that a house will be worthless in 27.5 years.