The leasees takes plenty of time to arrive.

I love how people are always arriving from all over to live there.

I don't think he is doing it this time due to his new baby arriving later today.

It takes time, effort, grief, and the ability to weed through many to arrive at the cream of the crop.

I ahve an offer in on one in this very situation and with a new agent I am working with.As to the pipelines, gaining access to REO properties before the MLS so that you can complete your due diligence and arrive at your offer price is crucial.

Strictly going by the 1% rule, I'd have to subtract the $100/month utility bill from the rent to arrive at a price.

Thanks for the vote, Norm, but to arrive at an offer price would come after finding the magic bullet.

He then subtracts from there for anything that is salvageable until he arrives at a fix-it budget.After you get an acceptance on your offer I go back with a check list and spend around an hour making sure I can really do it within my allotted budget based on my ARV.

It may well be that if you take the pre-2000 value trend and extrapolate it into the future, continuing to adjust for inflation, you'll arrive at the new long term trend.

If you take a few standard operating percentages (PM 10%, Maintnence 5%, vacancy 5%, and CapEx 10%) and multiple that by your current monthly income of $1500, then subtract taxes and insurance, you arrive at an NOI. 1500 - 450 - (3000/12) - (1200/12) = monthly NOI 700.