Locally in Tampa, the values are dropping so fast, that I would have to come up with a percentage to subtract, even after determining the ARV through comps.

., so use those numbers in an Amortization Program, factor in your Debt Service Payment, subtract that number also from the NOI, & see if you truly have a deal, or not.

I would call the sleezeball owner and tell him that you're renegotiating the purchase price and that he's going to subtract the difference in the rent for the rest of the lease (or longer) or that you will inform Section 8 of his actions.

Subtract that out, and the cost of the current labor force is much closer to the labor costs of foreign manufacturers operating in the United States.GM's overseas divisions are actually profitable.

In that case, the only approach that works is the 70% of ARV, then subtract repair cost.

You agree with the seller on a price that nets them the desired amount after subtracting out the DPA and DPA fees.

Subtracting for repairs gets me back to $25K, at the highest, for this house.

Back into a price using your desired cash flow, current rents, and assuming 50%.Looks like this to me:Gross rents: $27,300Expenses: $13,650 (once all the issues and vacancies are fixed)NOI: $13,650Desired cash flow: $4,800 (you won't convince me there's any other play here.)Max payment: $8,850Max price: $1.14 million (7%, 20 years)Subtract off whatever its going to take finish those rehabs and deal with all the other issues (you've looked inside each and every unit, right?)

I know to subtract the land value from purchase price, but do I include: closing costs, seller paid costs, prepaid items.  

Not sure what taxes and insurance would be, so I'll subtract $300 for those, for a max P&I payment of $1567.