Another observation: FL 'standard' Residential Sale and Purchase Contract does not have 'subject to' (or assumption) existing loans as an selection in the section on "Price and Financing".

You can't know what you don't know, but you are way off base on your assumptions here and your assumptions are not harmless.  

I think Elizabeth was thinking from the mortgagor's side, perhaps pulling a "Wayne", reading assignment, and thinking assumption.

I would like experienced and inexperienced peoples input so that newbies can compare their responses and assumptions with experienced investors.

I have a question that may be logical, but since it's dealing with notes, I don't want to make assumptions. 

Any appraisal uses a vast array of subjective factors which influence the value estimate - said another way, if you review the assumptions, question them, and provide additional supporting data, there is a likelihood that you can influence/change the appraisal.  

Each contractor will see something the other didn't, educate you more on the process, and dispel an assumption the last guy made (that would cost more money).  

Hi Chad - Great question.50% rule applies to any property where you think an assumption of 50% operating income is representative of what you would likely experience if you bought the property.

If inflation is going up then the price of homes are going up too.So that would be my answer with the added assumption as to why interest rates are going up.

The assumption is that it is NOT covered in my areas unless specified.