As for the hoa fee (which covers external and common area maintenance) it is an expense not normally figured in the 50% rule, so in theory you need to subtract that after the 50%, but on the other hand you will avoid external maintenance which is part of the 50% so ....hmm.

Turns out that on our realtors spreadsheet, the 3% sellers credit was never subtracted from the bottom line resulting in this error.

Find the ARV, subtract all your costs, your expected profits(may be different with commercial residential, depending on your exit strategy), subtract your financing charges at the 12%+, and figure out what you can offer.This is me guessing, but if you're not sure about whether or not you can solicit investors, you probably have 0 experience in this area.

They only formula they recommend is basically just subtracting all of your cost from your ARV of the house in order to determine your purchase price.I look forward to meeting Sean O'Toole.

After subtracting 50%, you're left with 6% per year.

Subtract the sign effect from the lake effect and you have an estimate of the net adjustment of your house vs. one that's neither near the sign or the lake.Any situation where you have a hard time with comps is going to be hard for the appraiser.

To get the Effective Annual Gross income take yout annual income of $793,200 and subtract 5% for vacancy.  

It could be pretty significant.The city's tax value is not very meaningful.If you're fix and flipping, you need to subtract 30% off the value, then subtract the amount of repairs.

The appraisal will determine the EGI and from that they will subtract both fixed expenses to operate the unit (taxes, insurance, etc) and variable expenses (repairs, utilities),  One of the variable expenses that is subtracted is a monthly fee for Reserve Replacements (money you set aside for replacement of roof, HVAC, parking, etc).  

I subtract the mortgage from NOI.