The second most important element that will make it successful is using an AAR contract.

An even better question is discount as compared to what?

If you take 2005's M-3 compare it against the true capital, there is a multiple of 33 to 1 of "vapor paper" to real money.

Compared to taxes in Bucks in the 3-6K range annually.West Philly is only a 40 min. drive so it's not that bad.

Destruction thusfar seems relatively minor (compared to Katrina and others).

I would throw IRR out the window right off the bat as useless compared to MIRR.

Granted its obviously a small number compared to what it would need to take to pay a down payment.

But you can also compare the property description from the county to the county assessor's map to make sure the match because if they don't you have a problem.What make a property favorable to you?

I managed to find my states real estate sales contract and having already having bought a couple of properties had a copy to compare it to. turns out it is the exact same form word for word.

But, the cards are flimsy and they look horrible compared to other companies.