The ARV for that area is 75K and it could rent for 1K a month.I would like to either 1) wholesale the property 2) flip it or 3) rent the property (my least preferred exit strategy).

Im sure weve all seen signs around like "we buy houses fast, cash" or "we buy ugly houses," preferably the small cheap throwaway signs on freeway off-ramps etc How well does this work?

If you buy a t a big enough discount like Bill Gulley suggests it doesn't matter.Bill, I am curious how you prefer to source notes with significant discounts and what the yield is based on the coupon and your discounted price.  

I did not make anything as all the proceeds went to years of preferred returns.It was not fun losing all of these properties but there was a lot to learn from it. 

I would prefer working with someone local to Nashville, TN, but am open to working with a remote adviser as well.

I am trying to analyze Single Family Homes (SFH) in the Aurora / Naperville, IL area, for potential buy-and-hold rental properties.Does anyone out there have a calculator or template that they prefer using?

I am trying to analyze Single Family Homes (SFH) in the Aurora / Naperville, IL area, for potential buy-and-hold rental properties.Does anyone out there have a calculator or template that they prefer using?

I am trying to analyze Single Family Homes (SFH) in the Aurora / Naperville, IL area, for potential buy-and-hold rental properties.Does anyone out there have a calculator or template that they prefer using?

This was my personal preference as I learn one way and you might learn a different way. 

my experience is that they dont like LOC's north of $500K, and really prefer $300K,  But most banks would be happy to give you 70-80% LTV portfolio loan, the banks dont like LOC's secured against real estate, because it ties up twice you available, so if you have a $300K line with no balance, the bank need $600K on hand to cover you, that becomes a liability to them, but if the give you $300K and amm it, its backed by the asset, so the bank doesnt need  cash on hand to cover you, now you are an asset giving them a return on the investment they made. at least thats how it was explained to me