Following your numbers, your purchase price should be $36,200$86,200 (ARV) * 70% = $60,200 - all your costs ($24,000) = $36,200Someone please correct me if my math is off.

They made the investment hence the long lease.Doing some quick math, if one was looking to get a 10% ROI then a $200,000 value would actually produce close to a 20% ROI based upon putting down 25% on the $200,000 and financing the remaining 75%.

I see a lot of CA investors get in trouble financially for not doing their homework by just relying on what the brokers tell them or what they can get from the Internet...

I also enjoy learning mathematical concepts (the actual math part not so much).I competed in Speech (Extemporaneous) and took several Law, Public Speaking, and Debate classes.Athletics has always been a passion of mine; in highschool I competed in XC, Wrestling, and Track and Field.

It will be my homework to figure out where these properties are located at.

I suck at math but I would guess it's somewhere around 50 linear feet of missing fence.

Other areas I would love to own property or work there, you just have to do your homework and know where you go.

The math you've given is pretty close to making this work.

What type of 'homework' do you do on a property before it become a 'serious contender to buy'?

My home has a lot of equity in it so I am looking to begin using that as down payments on other properties if the math works out.