(compare to the market vacancy rates)Can I speak with 3 landlords that are also out of state that you manage for?

On the income side, I would physically go out and visit the comparable properties, if they exist.  

If that percentage is more then say 4.5% - 6% then you are lossing money compared to in you go get a loan to finaish this!

I think what you all might have forgotten is that these brokers/agents are showing you the PROJECTED NOI/CASHFLOW.The company I work for, they get a financials for a shopping center from a broker and then we ask the landlord their actual financials produced from their SYSTEM.i have to make the comparison and to also create a proforma budget and compared that to the BROKER'S proforma.

The county still has the property under the owner prior to the foreclosure. 

Here are the duties that can be performed according to the FREC:Permissible Activities of an Unlicensed AssistantUnlicensed assistant is defined as support stafffor a real estate corporation or other licensed individuals.Answer the phone and forward callsFill out and submit listings and changes to any multiple listing serviceFollow-up on loan commitments after a contract has been negotiated and generally secure the status reports on the loan progressAssemble documents for closingSecure documents (public information) from courthouse, utility district, etc.Have keys made for company listings, order surveys, termite inspections, home inspections and home warranties with the.licensed employer's approvalWrite ads for approval of the licensee and the supervising broker, and place advertising (newspaper ads, update web sites, etc); prepare flyers and promotionalinformation for approval by licensee and the supervising brokerReceive, record and deposit earnest money, security deposits and advance rentsOnly type the contract forms for approval by licensee and supervising brokerMonitor licenses and personnel filesCompute commission checksPlace signs on propertyOrder items of repair as directed by licenseePrepare flyers and promotional information for approval by licensee and supervising brokerAct as a courier service to deliver documents, pick-up keysPlace routine telephone calls on late rent paymentsSchedule appointments for licensee to show a listed propertyBe at an open house for: o Security pulposeso Hand out materials (brochures)Answer questions conceming a listing from which the answer must be obtained from the licensed employer-approved printed information and is objective innature (not subjective comments)Gather information for a Comparative Market AnalysisGather information for an appraisalHand out objective, written infonnation on a listing or rental

Save as much cash as possible Because the bank will be comparing your assets to Debts (net worth) and then calculating your post-expenses income to debt ratio (Debt service coverage ratio).

I'm assuming there are some administrative charges added.I also understand that you have to do some preliminary title research yourself prior to the sale to ensure you're not bidding on a second mortgage or their are title issues.Is there an order the properties are auctioned off?

The 3 websites estimates are very comparable.

I know this question has been asked before, but I'm hoping to get specifics on how I can compare numbers between 1.) purchasing a primary residence VS 2.) saving for my next buy & hold investment.Background:  I live near the beach in Los Angeles.