If you're familiar with finding the net present value (NPV) of future cash flows, it is nearly identical- determining what to use for the annual cash flows becomes the important part.

Sometimes they're just used to conceal identity, so I'm not sure how often they're being used in conjunction with an LLC, but lawyers are out there pitching the use of land trusts, or trust+LLC.Also note that as a new landlord, when the bank underwrites your conventional loan you will not be given credit for the rental income of the new property.

Every property is unique, every property is different, no two properties are identical, even in condos, no property can occupy the same space as another, which is the location of your subject property and to every location there is a value

I use American Tenant Screening, and they charge $25 for an address verification and nationwide eviction and criminal check.

My current property has three identical floors (about 400sq. ft each), and I'm also living on one of the floors.

If you are looking in a cookie cutter addition where every house is basically the same and all of the houses are within a few years of each other finding the market value is simple you just look at what identical properties have sold for over the past 12-24 months.Moving out of the predictable additions makes the process a little more difficult however if you are looking in areas where a majority of the the homes are being bought by owner occupants the process is still relatively simple.  

what should a land lord look for in  the tax returns of a self employed person  net or gross

A well designed direct mail piece clearly communicates YOUR IDENTITY (including a photo etc), the seller's PROBLEM (so they can identify with it) and your SOLUTION (what you have, why it's the best solution to the problem, why you are the best of ALL THE PEOPLE OFFERING THE SAME EXACT SOLUTION).

However - if this is a nice area, and the units are identical, the rent on the one side is way low.

Somewhere ranging from 620 - 660.Interest rates vary, but with no experience and little no no business line of credit history, you are looking at 12-15%, to be paid back in interest only payments.HML usually will cover 80% of total project investment, some will do 90% depending on state.Expect to also pay 2-4 points of any money you do get, along with $350-$500 for inspection/appraisal by HML.You will usually be expected to give credit report/check, asset and financial sheets, along with income verification.