Obviously, that isn't a straight line correlation since comping is subjective and home values are always fluctuating.

He allowed her to move into his house thinking their relationship would lead somewhere, however she was just a straight up leech stringing him along and didn't want to pursue anything with him.

Went ahead and made an offer and put down earnest money with the sellers realtor.  2 days later the realtor called me and said there was another offer, and they wanted my highest offer. 

Congratulations exciting month ahead.

Your OP doesn't have much detail about your theoretical deal so don't get too far ahead of yourself.

I just retired from my parochial school teaching job and am full steam ahead on reposition my existing 9 apartment complexes and acquiring more good deals too!!

And folks who present pro-forma using income like that are either ignorant of the risk or else just straight shady.

Always try to be a few moves ahead so you have room for the unknown.

However, I am just beginning....Many people reading have decided on a similar path and whether you are ahead, "behind" or in the same position as me.

In Gardena, CA (which is in the Los Angeles area) it was relatively straight forward.