So I do respect you even if it would not seem that way from that.There is some stuff about being an agent in the profile a little deeper in the like occupations or experience sections, but I don't hype it in the main stuff.  

You can use quick and dirty estimators to make a first guess as to whether a property is worth digging deeper, but sooner or later you need to run all of these calculations and understand all of the implications.

I didn't read any statutes except what was mentioned above, but I suspect if you dig a little deeper you'll find that there has to be communication as well as acceptance.I also see avoiding the whole issue if there was a mortgage broker that funded a loan and sold the note at the table to the property seller, a purchase-repurchase situation, or even a portion of the note.

LOLI'll rephrase anything you like, or drill down deeper, just ask.

The best advice is to get it from the horse's mouth, so as jason stated in this case, don't rely on what the broker tells you, dig deeper!

We keep drilling deeper and deeper.

I knock out the ones left in good shape first and get them re-rented ASAP to help with the 5, 8yr, 10yr ones that need deeper improvement.   

If it passes this quick look, then, I dig a little deeper.  

Using a blanket percentage for CAPEX based on rental income is fine for your “first pass” analysis when you don’t want to spend an hour analyzing each deal; but like every number in your computation, your CAPEX number should get more accurate the deeper you dive into your due diligence process.  

Should I do a podcast episode to delve more into the topic on this thread?