Even if they balk, it exercises your creative muscles. 

Then you add the art to the science and consider things like your job stability, property locations/demand, commission/salary, children/spouse or not...plus just your ability to sleep at night and add those to the equation.Good question and a good exercise to monitor your personal balance sheet regularly.  

., but exercise extreme care if you are doing this and be more conservative as these comps will not be as solid. 

Hi Ian,I recently went through this exercise with another fellow syndicator on BP Joseph Gozlan.  

However, depending on the size of the dog you might want to consider that perhaps a dog being able to get more exercise outside in the backyard might less likely to do damage inside.Gail

I did this exercise with another investor the other day and then the light bulb went off for them and they thanked me.This is why smart investors look for certain ages of buildings and certain occupancy of say 50 to 60% where not much damage has occurred and you can keep rehab per unit numbers down while still landing a great price.

You exercise price is $3303.

Deals are made not found.What would be good exercise is to talk to as many of these FSBO's as you can tolerate, try and put a deal together.

It may be worth the exercise to at least get a quote so when you do have a buyer at the ready.

It's another exercise in understanding opportunity cost.Some drivers in large cities view parking tickets as the cost of living in the city.