We'll use Option 2 math its a big easier to explain.Use a financial calculator to solve for the missing variable.  

It does seem highly variable.

We need a supply and demand fury to set some new lending standards and get the risk factors reducedThere are obvious loans that would benefit someone that bought a year ago with good credit but I'm waiting until jobless reports and Bernanke (FOMC) offers his next drop,I'd say wait a little while (spring)

At a 70K ARV and about 30K of work needed, there's plenty of "room" in the deal for a rehabber, so one would think I'd have no problem, but supply and demand has changed the equation on account of the oversupply of fixer properties and the undersupply of rehabbers.The other alternative would be to find the financing to fix it.

Although my credit score isn't great, I can supply a letter of reference my my bank Vice President attesting to my financial stability.I'm willing to do just about anything to make this happen.

It doesn't take much of a supply/demand imbalance to tip prices a lot one way or the other.There's also a numbers problem for stocks, too.

This had the effect of lowering the available supply of rental units.

Operating expenses include taxes, insurance, management, maintenance, vacancy, advertising, entity maintenance, legal expenses, evictions, setouts, damage done by the tenants (in excess of the security deposit), office supplies, lawsuits, utilities (at least during vacancies), capital expenses (not technically an operating expense), etc, etc, etc.

Tyra, There are some missing variables that are needed to give you the best answers… What would their $200,000 house rent for?

Demand shot up, supply stayed fairly stable, so prices shot up, too.