Both automatically pull all my purchase data, learn over time how I want things classified, and give me the reports I want without spending any time punching in numbers.

I have used them to find a place to stay .. works well both ways.. one thing to  check out though is your insurance... it may be classified as Hotel rather than Rental.. will make a difference if you need insurance to pay for something.. they might not if classified wrongly

But in Mobile Home Parks, if you own the homes, then the structure of of each home will have that depreciation life, but if you do not actually own the homes, just the land, then there is very little that is classified, unless you have a club house, some main electric and plumbing lines will also be 27.5 year.

All advertising must be posted within our Classifieds forum only!

For example, let's say my pro forma uses the following assumptions, excluding any vacancy:Monthly Rent: $2,000Monthly Expenses, excluding mortgage: (Taxes, Insurance, HOA, CapEx, etc): $1,750NOI: $1,550Mortgage Payment: $1,300Monthly Cash flow: $250Now if we assume a 5% Vacancy Rate = $100 and include it as a negative revenue, NOI Margin (NOI / Income): 76.3%Cashflow Margin (Cashflow / Income): 7.9%Gross Rent Multiplier (Property Value / Annual Rent): 7.242% rule-of-thumb (Income / Purchase Price): 1.15%50% rule-of-thumb (Total Expenses / Income): 23.7%If we instead assume the vacancy rate is an expense: NOI Margin (NOI / Income): 72.5% Cashflow Margin (Cashflow / Income): 7.5%Gross Rent Multiplier (Property Value / Annual Rent): 6.882% rule-of-thumb (Income / Purchase Price): 1.21%50% rule-of-thumb (Total Expenses / Income): 27.5%I realize it may not seem like a material difference in this example, but I imagine in some scenarios it  could lead you to make different decisions just based on how it's classified.

If you are looking for a referral for a contractor, please go to our Real Estate Classifieds forum and post there! 

Notes can also be classified as conforming or non conforming, Dodd Frank compliant or exception, performing or non performing.  

I went out to the property this afternoon, and I would classify him as extremely motivated (aka he offered me the keys).

I have an off-market, I posted about it here in the classifieds - feel free to connect!

But, I don't know what the workman's comp insurance requirements are in terms of employees vs independent contractors.Btw, for more about how to ensure the IRS classifies your contractors as such, check this out:http://www.biggerpockets.com/renewsblog/2010/05/26/are-you-sure-your-independent-contractors-really-are/