Excel has the functions built-in.

I whipped up a quick and simple Excel worksheet to help me work through various scenarios of how to make an apartment building have a positive cashflow.

$8.07 $7.35 Long term Government backed agency leases High demand rental type 3 to 5 year leases on 50% of the complex Excellent cash flow Estimated Expense Summary Actual Pro Forma Projected Taxes $72,490 $72,490 Insurance $12,131 $12,131 On-Site Management $30,000 $30,000 Trash $5,131 $5,131 Cable $1,708 $1,708 Maintenance $33,402 $23,270 Repairs $15,201 $6,090 Advertising $6,809 $4,074 Legal / Professional $7,483 $2,658 Administration $8,317 $8,317 Permits/ Licenses $1,104 $1,104 Telephone $18,294 $18,294 Payroll / Benefits $112,943 $105,250 Security $17,780 $17,780 Miscellaneous $19,896 $19,896 Utilities $143,030 $136,000 Workmen's Comp $5,388 $5,388 Auto Expenses $2,000 $2,000 Pest Control $716 $716 Furniture $4,356 Totals $518,179 $472,297

This sounds like an excellent opportunity for you.

Since the buyers are often "unsophisticated" financially this is probably their only bet.This leaves an excellent opening for you.

An excellent source is (doityourself dot com) which has forums like biggerpockets broken down into 200 or so sub-categories.

Excellent, thanks.I was thinking that the "asking price" was just a starting point, and then the bids were just a shot in the dark by the investors.

His reaction to that statement told me everything I needed to know.Today I use the mortgage calculator function on my Excel program to do the same thing.

Excellent tips.

I have excellent credit, secured assets, and documented income.Thanks,