I've taken the liberty of summarizing the key quotes from the thread:"I sure hope you are not considering this"-Tara G "I don't know if you have potential as a real estate investor, but I can see you have great potential as a real estate guru."

Here is a chart we use to summarize the difference between the two forms...Special is the "most comprehensive".

A basic one page offer sheet summarizing the amount offered, cash or lending, now many days inspection, earnest money deposit, additional deposit #days, buyer and agent contact info and that's it.So how iron clad is such a work sheet?

If I could summarize it this way, be honest and 100% transparent.

I'll summarize the details for you.

To summarize: 1 - put in an offer, you never know what could happen 2- put in your BEST offer, within the first few days of listing.

His subsequent post summarizes it well and there is something for wholesalers to learn here: "Nothing wrong with being a wholesaler if that's what you want to do.

All Summarized in "Rights of Tenants" published by State Department of Community Affairs ( DCA)-Division of Codes and Standards.

So to summarize, use NOI to determine value since it's a common factor regardless of how the purchase was structured.

My take away from this discussion summarizes what @Aaron Montague said in his post:"The 50% rule is a great place to start, but like all "rules of thumb" it needs to be a starting point, not a final analysis."