Ie; ARV is $200K, Repairs cost $50K, 70% of $200K = $140K - $50K, which means an offer of $90K or less for that house.50% pertains to the buy & hold properties. 

(a hand written agreement on a yellow pad is a contract)Note* Get educated & seek legal advice on any particular laws & regulations in your state as they pertain to real estate contracts, buying a principal residence directly from an owner who may be either in foreclosure or under any sort of duress that could potentially compromise your transaction.2) Once the contract is signed, do I work with a RE Agent to get it closed.If you have a property under contract, RE agents can help you find a buyer and list the property on the MLS, if thats what you mean.

I'm in the Note and REO business, and I'm asking for some help in reference to the people of American Samoa and Samoa (the Samoan islands) pertaining to the Tsunami/Quake hit yesterday 9/30/2009, it's all on the News and Yahoo and MSN.

Can anyone help point me in the direction of an article or forum pertaining info on taging people.

But I know what depreciation is.....I was just making 100% sure it didn't pertain to something different than I thought in this situation.

YOU need to decide if YOU will rent to someone that you cant really screen very well or will require a lot more work to screen (more research to find info or exclude issues that may be of a concern)..... that pertains to EVERYONE you consider......immigrant or not.How easy it will it be to find accurate info on them?

Also How exactly does this pertain to the question at hand? 

Quote from @Evan Polaski: This is discussed a lot, particularly as it pertains to syndications.  

The entire set up of the legal documents pertaining to a mortgage loan is defining legal positioning as it relates to lenders protecting themselves from a deteriorating equity value and borrowers protecting their equity from lenders enforcement of the aforementioned.In small deals with a rather small amount of money involved, from a liability view the investor is often better off structuring the outside investment as an equity investment with a preferred return rather than debt.  

I do have a pile (large stack: purchases/refunds) of receipts as it pertains to those such as Home Depot and Lowes for example.