So you cannot say "two months security, plus first month AND last month" because that "last month" portion also counts under state rules.

If you deem the actuals to be overstated or understated, then you can make corrective assumptions based on your gut and other derived market data you come up with. 

They are refusing to come back to the property due to Lead Paint (I think you remember my post), but the child is under state levels, the state health lead coordinator stated that they are safe to live there, the town health office said they are safe to live here and we have no legal obligation to pay for them to live elsewhere, as well as the child's pediatrician saying it is safe to live there as long as they continue to keep the house clean (which they want us to pay for cleaning services to keep the house clean and free of dust).

I think that is the most valuable part of parks is having an understating of the whole machine.  

Deducting an additional 20% of gross rents ($2,496) to account for potentially understated expenses reduces annual to $3,518, which translates to a ~27% ROI.On paper, this is a good deal even if expectations need to be tempered and additional expenses need to be accounted for.

I am interested in learning about flipping SFR, holding multi family properties, and better understating what to look for and how to make a deal.

I find myself Google definitions a lot on words, but I still find myself not understating a lot of things because I'm not sure how notes work still.....

Darren is correct AND as stated, you don't have to give them any reason under state law in Wisconsin, so be sure that you don't.  

Now the place is under stable enough ownership I dont think this will be an issue and if they take my advice they are working on getting the building under one ownership structure instead of individual condo owners.As far as working knowledge of the building/systems, I've been through most of the building and understand the basics.  

I would be understating it if I said BP has changed my life.