I don't put a lot of weight in what a real estate agent or current owner says the property *could do* when it comes to cash-flow.

Often times people forget to place enough weight on the holding cost of an SFR property sitting vacant for a period of time.  

But, to do it right, break down actual expenses into fixed and variable costs weighted to the number of units contributions.

The 2% rule and the 50% rule are heavily weighted toward property in flyover states where rents are in the neighborhood of $500... the formulas break when you are talking about higher rent figures.

. :)Commercial valuations are weighted toward the income approach over new construction with depreciation and the market sales approach, but the market sales may win out in some cases as the primary approach in some cases.

There is no valid reason to file a note and a certified copy carries no weight other than evidence that it was made and that is recited in the secuirty agreement and is evidence of the debt created.If any note is lost or destroyed, the holder simply makes an affidavit of lost note and delivers that along with any release required which is filed for record.

He's answered all my questions, helped me do minor tweaks to my overall business plan, steered me towards some deals and away from others.The guy is worth his weight in gold.

.- 60-90 day closing time and higher closing costs than normal (estimate was 9-10k on 150k loan)- $500 application fee (however app ia reviewed before going to board and rejected before app fee is paid if officer feels it will not pass the board approval)- W2 income not needed. 3 yr taxes, business plan, 3 year business projections, weighted heavily on returns from property being purchased and its returns. 

That BPO value literally has no weight.

They are more weighted upon sales approach as they are still considered residential.