Once upon a time when we had saved up  a down payment for a car in cash the finance guy had a whole procedure for taking the cash, sticking it in an envelope, writing info on it, then turning it in to someone. 

One unit went for $44K all fixed up with granite and the whole bit. 

A plan is a series of steps designed to achieve a specific goal, or set of goals. 

That poor guy is going to be a lawyer his whole life, while your out there taking educated risk, and making it big time.

I like immersing myself into new opportunities and I dedicate myself to achieving my goals.  

We have achieved our projected return on each of our rehabs. 

In other words, before going through the whole refinance song and dance, can I just capitalize the increase in NOI by the same rate used by the original appraiser to get a pretty close estimate of value OR are there other factors that could dictate the cap used by the refinance appraisal?

You achieve the same objective, but legally and perhaps even more effectively.

Yet we do, and the OTAs encourage this.I think the whole system needs to be revamped to something that makes more sense.

They had a one page sheet to explain there profit lossEverything they told me at this point has not been verified.They take in $124,320yr.They pay 11821 school tax6500 village tax3000 town county tax5000 insurance 3770 for landlord electric and hot water for the whole building2500 for heat and electric for the rooms for rent 1700 for the cleaning of the shared space and bathrooms for the rented rooms (2 shared baths and hallways for rented rooms)375 snow plows500 general maintenance 320 lawn care4300 for village water and sewer.