If the increase is unsupported or the documentation to support the increase is not provided, the decisioner should use the lower of the original documented purchase price, auction/ foreclosure bid/value or the new appraisal value to determine LTV/TLTV/CLTV.

Remember short sale values are determined by BPO.

Determine how much the house is worth to you as an investor, and offer no more than that amount (preferably less).In many cases, that will put your offer much lower than the MLS price, in which case it's up to you whether you want to submit it or not, but there's no reason to look at the MLS price first, and make your bid based on that.

In practice, the IRS does not really care whether you claim these things as supplies on your Schedule E or just lump them into your maintenance/cleaning expense on Schedule E.When you depreciate the rental unit, you need to determine its depreciation basis.

IF you had some magical way to determine the exact bottom, how many properties could you buy at one instant in time?

I determined I was wasting too much time evaluating projects for my agents, that I was making less than if I canned them all and just did my thing.

I was just looking for the cheapest home bought in that area to help me negoiate a price with the lender.How do you determine the FMV?

Do an internet search to find them.

Many, many people us the internet as a phone lookup service.

I will admit though there are less and less brick and mortar business and a lot more home businesses or internet places which could be trouble.