Excellent advice, All Cash.

In these areas the 2% formula is an excellent rule of thumb (I use it myself).

What I did determine in my little experiment however, that I could just knock 20% off and likely be pretty close to the actual sale price.I do have a free subscription to fastweb, another of First American's products, so i do use it regularly, and drop the numbers by 20%.

They give you zoning information, a complete financial history on the property including all sales,refinancing and transfers, tax data, and the product I use the most, is the comparable search.

Doesn't trying to fix one's credit at the same time you're paying a large rent seem counter productive to you?

i'm not fancy...i use excel for just about everything

Excel in my case but no reason Quickbooks or some other would do just as well.For rentals just take the format of the tax form (2307?)

I can't wait to take pics of the finished product.

They seem to be an excellent way to hedge my real estate exposure...especially is the market keeps on sliding.Please let me know,Jim

There is plenty of 100% money still out there if you've got excellent credit and a connection with your local banks.