This from first-hand observation as owner of a PM company in Kansas City.

What you wrote about Hawai'i Island is very true, and very much in line with what I've been learning on my own in the last 2 years through gradual observation and exploration...

Brandon, Great observations.  

On a practical level, a lack of occupancy gives rise to a presumption of abandonment, which can be overcome by the attendant circumstances and other relevant evidence.The Kansas legislature has defined “good faith” as “honesty in fact and the observance of reasonable commercial standards of fair dealing.”

So not just pulling observations out of his ***.Main beef is where in my post did I say a home owner should use a wholesaler instead of an agent?  

It simply doesn't work from a standard rental perspective so we discussed other options and as an outside observer from the air and the ground, LA county looked to me like a gigantic mall with houses mixed in.

Trouble is, most out of state observers do.  

And as you pointed out, the parameters I laid out was a one time observation of duplex I was watching from afar.

A few observations, and perhaps inevitably some stereotypes - i'm an immigrant myself, and a stereotype of another kind, i supose:1.

We can also confirm as we did above with the PV or we could confirm with long version of discounting the cash flow.I see: I was discounting the initial outflow when it was already part of the present value.Another observation: The difference between the PV and NPV formula is nothing more than the format of the input; Same as, the difference between the Rate and IRR formula is nothing more than the format of the input.