In that instance, if the cap rate stays the same, the calculated value will be artificially lower than the market value so how did you model or bake-in this market appreciation into say a 5 or 10 yr model?

They get back to you immediately, they are very intelligent and work with a lot of people within real estate (from people who do this as a supplement to their primary income to full-time professionals).

Tell Lars that Chris Mason sent you.http://larsghanssoncpa.com/ When his office and mine get conspiratorial with the goal of boosing purchasing power of a self employed person a tax filing or two out because someone's purchasing power is artificially constrained by stupid mortgage guidelines, amazing things happen.

We've gone through several years where both variables (T-Bills and LIBOR) have been artificially driven lower by never before seen Quantitative Easing and bank-friendly Federal Reserve policy.

SoCal is a funky REI market ... high stakes with millions to be made and lost ... mid west dudes think we're all insane speculators out here, but there are intelligent ways to invest (without speculation) and it is not necessarily the same strategies deployed in other markets that dominate discussions here on BP.

I studied Real estate for 3 years before I ever did my first deal 6 year I got my license you will learn as you ago little by little and eventual get to a point were you get confident in your knowledge because you notice you have educated your self enough to be able to hold and intelligent conversation with the best of them.

After you have done a walkthrough and taken pictures of everything you should be able to firm this up and make an intelligent offer that reflects reality.  

I am grateful for Roby and for his IQ (intelligence quotient) as well as his EQ (emotional quotient).  

Although I also think it's worth examining your mindset: instead of an action giving you a result you weren't hoping for being classed a "waste of time", just think of it as an intelligent way to make sure your operating at optimal efficiency.

I will use the acronym “covered entity” in this article, inasmuch as my principal focus herein relates to seller financiers engaged in captive finance and retailers and communities now covered by this rule extension.FinCEN can issue regulations requiring financial institutions to keep records and file reports that are determined to have a high degree of usefulness in criminal, tax, or regulatory investigations or proceedings, or in the conduct of intelligence or counterintelligence activities, including analysis, to protect against international terrorism.