And of course, the assumption is that the company you're buying from did a great job w/ the initial rehab so that won't be an issue for you, the new turnkey owner.  

Well, assumption here is based on a friend who worked in a large title office here in the area.

My freind was able to get a seller contacting him on a property with high equity and in a nice area. The house is in probate and my friend was going to try assuming the loan on the property. Is this possible with a pr...

Am i correct in my assumption?

I'm not sure if it's a good idea to buy a property with the potential of making income on it..Would you buy a property based on the assumption that you can break even and make some money after you force appreciation?

These includes some of the ones that were getting into that 4-6 month + on the MLS range.Frustrating because they were seemed like good opportunities, but nice to know my analytics and assumptions were probably right (they were profitable).

Lots of assumptions here:Purchase Price 115,000Down Payment 10% 11,500Loan Amount = 103,500Closing Cost  =    4,000  ========  Would need 15,500 cash at the table.Using 5% as an interest rate 30 yr fixed.  

Would the $1848 in reserves be enough if we make the assumption that there are no major projects sanctioned by the strata in the upcoming 5 years?

You've got a lot of assumptions built into your model to arrive at your numbers, so I'd start with the GRM - are other MFR properties trading at a 3.9 GRM?  

Let's make some assumptions here so we can operate with the same set of variables.