With this data its easy to combine that with what you learn web sites like trulia and realtor.c-m and loopnet, zillow ,homes.c-m ect to determine some sort of valuation.

Thanks for the advice guys, I'm determined to get into rehabbing.

Flood insurance requirements are based on FEMA flood maps, and it's up to FEMA (and the local water management departments) to determine if and how the maps are to be changed.We had some major flooding in my area back in 2009 and the results were that some of the flooded areas got reclassified into flood zones that required insurance and some did not.

My basic return formula looks like this: (Gross Income -Adjusted Expenses) / (Purchase Price + Required Improvements) = Return on investment.Shortened up: NOI/Cost=ROIAssuming the building you are considering has no deferred maintenance and assuming the seller’s Net Operating Income (NOI) figures are correct then to obtain a 9% return you would want to buy the property for $24,151/9% = $268,344.If you choose to finance the property then the terms of your loan and the amount of your down payment will determine what your return on your invested cash or ‘Cash on Cash” return is.

The assessor looks at all comparable properties to determine FMV and will disregard your purchase price if it is not in alignment with FMV.

That's what you have to play with, determine what you need for management before taxes and an amount as profit for the brain damage.

ADVERSITY is what defines success.For some it makes them quit and give up and for others it makes us STRONGER and more determined than ever to succeed.Everyone sees success of people and admire it but they do not know the trial and error and years of failure and enduring to get where they are today.Doing something amazing with your life is NOT a success only journey.

Banks will use the purchase price for 75k (not the appraisal for 93k) when determining your LTV.

Originally posted by Steven Hamilton II:However, based upon the paper trail here; if BP were to recognize it as income and then produce this thread that even though it was in J Scott's name, it could be deducted.Gentlemen, what a tangled web that has been woven here.Wow, it sounds like we're going to need another wager to determine which of us will take the deduction.

If the business is not managed correctly (lots of nuances here), a court could determine that you and your business are one in the same, and allow a judgement against you personally; and2.