Subtracting your mortgage balance of $150k + $15k for estimated closing fees, You'd net about $210,000 at closing. 

(Single biggest valuation mistake caused by a lack of knowledge);Knowing what it will cost to tear down*, move, and reset the home and subtracting that amount from the valuation which itself should reflect a lower value as if it were going to be on a gravel sales lot. (* This cost should reflect the costs of tearing down decks, sheds, etc and disposing of them as well as the home tear down costs.)I took the course out of curiosity.

Then, after subtracting the finance cost you have to have enough cash flow to satisfy yourself.Bill

I can defer taxes on that gain via 1031 if I purchase a property with an investment value of at least $500,000 (subtracting the occupied portion from higher sales prices).

Therefore, to determine your cash flow, you can subtract the mortgage payment from 1/2 of the gross rents.I like to have a minimum of $100 positive cash flow per month per unit.Good Luck,Mike

Here's how they see it:Home Rent $700Less cost to repair, insure and prop. tax ($200)NOI $500But, of course, here's what's really going on:Home Rent $700Less Lot Rent ($400)Less cost to repair, insure and prop. tax ($200)NOI $100If moms and pops subtracted the lot rent from their numbers, they'd all sell off the rentals.

So you will try to find the ARV, times it by 70%, then subtract any and all repair costs.

The rational is you are using energy that is being created by you car's alternator, so the gas you put in your car cost money, factor in your MPG and then subtract the amount you saved charging your phone in your car....and gas is not really that expensive

I typically subtract 3%, of the ARV.Realtor Fees: What is the commission you are willing to pay your listing agent (unless you are the listing agent) and the buyer's agent.

Subtract your fee.