HELOCs are difficult to negotiate becuase the seller could be on the hook for the loss.Also look for HOA liens or assessments.

From that, I'm left with a straight 15% return with no fees (except what will be assessed from the custodian).

I think it is some of the best out there and they do frequent assessments of certain product types by market.

These include, at least:Taxes (which may be much different once the property is re-assessed after purchase)InsuranceVacancy allowance (which WILL occur)Property ManagementUtilitiesRepairs / Maintenance (which includes those pesky capital expenditures)Now, that said, the “cap rate†is a return on the investment without regards for financing.

I'm working on a project to put together all of the assessment records (including owner names and addresses) for every county in Florida.

Remember that the dues and assessments cover the building itself.

anyways, i don't remember callingyou specifically a 'point whore'...just saying the number of deals done is a bad metric to assess someone's ability, just like the influence points is a bad metric due to points whores, or people that have knowledge but are too busy to post, etc. ...and yes, of course i was exaggeating lol...i hope nobody counts a loan approval or getting a tenant as a deal...sheesh you guys hahah

I did a commercial assessment of a gas company, half acreand a block building with a large propane tank and concrete platform, it was $1,200 as i recall.

But amounts can be assessed in any local area.By the same token, what goes up can come down, as property values have dropped significantly in many areas, such considerations will reduce your returns if values drop after your purchase.There can be other considerations with larger dollar amounts, but for most investors, these considerations should cover your initial assessments for a few years.

(time is money).If you're buying well under tax-assessed value (usually the case), make sure you research and understand the process for appealing the assessment, and how long this will take.