I know wholesalers who have focused their entire business model around getting properties under contract at a price that is attractive to investors.  

The hype around this industry right now is simply that certain companies have taken the model online and are building technology around it to make it more efficient.

Instead, model the future values for a list of separate properties, each with its own assumptions and in its own row.

I've heard all the no-no's, but people I know are telling me "just consider it rent expense" etc.Would you mind digressing on your investing model?

Hi Brian,I might be able to help with modeling.

Remember, there are many business models.

A guy at a builders model home told me the newest high end home neighborhood here is using light wood floors.

Each home yields the same 13% cap rate but you also need to deduct the cost of borrowing the money from your bottom line.House # 1: Price: $100,000 Annual return after expenses: $13,000House # 2: Price: $100,000 Annual return after expenses: $13,000House # 3: Price: $100,000 Annual return after expenses: $13,000House # 4: Price: $100,000 Annual return after expenses: $13,000House # 5: Price: $100,000 Annual return after expenses: $13,000Total Portfolio: Price $500,000 Total return ($13,000 X 5): $65,000Total Interest: ($500,000 X 4.5%) $22,500Total tax savings ($500,000 X (4.5% X 35%)) $7875Effective Cost of interest ($22,500 - $7875) $14,625Total Profit: (Total Property Return - Effective Cost of Interest) $50,37550.375% Cash on cash return.Notes: Of course there are a few factors not taken into account as well as other over-simplifications with this model but it is meant only to prove the point of how leverage impacts return.

The agents have since changed their their business model.

Has anyone had experience buying a builder model home with a leaseback provision?