As you are running numbers, remember that it is an academic exercise unless you go “hot”, meaning you put the money on the table, at which point everything changes relative to your perspective.I think that you will find a CAP rate of at least 9% is required for a deal to begin to look attractive, and COC of 20-25%.

Might be a lousy ROI monetarily but has a lot of intangible value.BTW I have 2 Bachelor degrees and 2 Master degrees (Masters of Finance and an MBA with a focus on Ops) and I haven't learned a single academic thing that I use even occasionally in my REI business that I learned much after John's age.

@Damon Armstrong  @Devin Siguenza Well just another 17-year old going into his senior year and wondering about his future academics/career dropping in here. 

.)-  Acquisition Price-  Cost of repair & fix-up-  Carrying costs (how much did you have to pay for monthly loan payments, taxes, insurance, any operating expenses & fees you paid until you sold it)- Unexpected Expenses_______________________= Your Gross Profit before income taxesIf I may make a suggestion, rather than getting academic about the ins & outs of a hypothetical deal & strategies.  

I have an error on my spring student schedule, so I must wait for my academic advisor to make the correction.

I went to a pretty strong academic school and heard of several stories from people I trust about how parents calling the school got some outrageous results, grades being upped, etc.

Plus the university has a system where students can be punished (not sure how) academically if noise complaints are filed with the school, so kids don't get too crazy.So I guess a lot of it depends on the university.

They are what fancy academic people call a "heuristic" - a rule of thumb rather than a hard and fast rule.

The home is located right across the street from one of the academic buildings.

It really was comical: the undergraduate teaching assistant with the 4.0 GPA and academic career ambitions -- yeah, that's the right guy to sell drugs to.Pat got caught very quickly.