Lets say a house is 25 years old, and has been kept in good repair but not upgraded.

I'd say as a rule of thumb when it comes to mortgage pools that anything over a 14-16% yield is too risky.

Brian: I'm curious that you say a lot of realtors don't want to do short sales.

Offer tenant/buyer an attractive incentive to carry through with the purchase at the end of the lease (say a $10K credit against sale price).Charge at least enough rent to at least cover your mortgage, taxes & insurance cost.

I will say, a real estate adage is "condos are the last to appreciate in an up market snd the first to loose value in a down market."

Ok, closed my first wholesale 2 days before the first and have 2 more under contract, I did say a little.

Using the 50% rule makes me say a big NO to this deal doc!

Say a home is listed for 50k, how much more play would you feel you had going in cash, does it really matter?  

They say “Luck is what happens when preparation meets opportunity!

Let's say a newly built property is valued at $1,000,000, with no tenants for an entire year.GRM = property value / annual gross scheduled incomeUsing our example above:GRM = 1,000,000 / 0 = 0 Newly built and no tenants for a year.