If it didn't go over total debt, there wouldn't be any proceeds so while the sale would go through, the lien would survive the sale.

They'll have the same amount in both the total gross and the co-op.

I put away $300/mo for repairs, vacancies and tenant turnovers totaling $1717.

Roughly, for Dallas if you knock down a home, lot value + demo is 1/3 of total value.So if the lot is big enough, you can pay $200k, build for 400k and sell for $600k...

That's interesting, because I do evictions all the time in California, and the evictions I've done for non-payment of rent take a total of about 1 month or so to complete. 

. $600 per month each Total: $2100Listed $110,000 Tax: $166\moInsurance$176/moUtility's; $100/moLawn/snow care: $50/moVacancy:$100/moRepairs: $100/moCapex: $100/moProperty management: $200/moMortgage$462:moTotal expense:$1443Monthly cash flow: $657Annual cash flow: $7884$22,000 downCash on cash return %35I guess that's what the current owner pays in insurance kinda kills the deal a bit.

. $600 per month each Total: $2100Listed $110,000 Tax: $166\moInsurance$176/moUtility's; $100/moLawn/snow care: $50/moVacancy:$100/moRepairs: $100/moCapex: $100/moProperty management: $200/moMortgage$462:moTotal expense:$1443Monthly cash flow: $657Annual cash flow: $7884$22,000 downCash on cash return %35I guess that's what the current owner pays in insurance kinda kills the deal a bit.

Now if it's money going out, it's a totally different story :-)

For each of the three RECENTLY SOLD PROPERTIES, divide the Sales Price by the Total Square Footage, of Living Space.

@Colleen Fiumara A rule of thumb I use is based on a 30% return based on the total cost per unit.