We took all of his furniture, electronics, paintings and other such things worth value and loaded them into a truck.

He told me he got out of the business because, in part, he could not "operate" in a physical manner with deadbeat tenants.

So I basically have seen two basic formulas on these message boards to determine whether or not a property is a good buy.For rehabbing: (ARV * 70%) - repairs = Max Purchase PriceFor Renting: Rent * 50 = Max Purchase PriceI would like to buy a property to Rehab, but be able to fall back and rent it if I can't find a buyer quickly... while also having positive cash flow after mortgage and operating expenses.If I put an offer on a property for $25k and the ARV is $50k (if I put in all new flooring, paint, and redo the kitchen and both bathrooms) that leaves me $10k (According to the formula) for repairs which I could likely do if I'm doing it all myself.BUT...That would have me with $35k into the property, and I am only confident of being able to rent for $600...

I'm sure that many of you have noticed that the site is slow to load from time to time, and that can be attributed to all of the new traffic we are getting.We'll be shutting down the site tonight at 2PM for a little while to do the upgrade.Thanks for your understanding, and we hope to have a speedy site for you again tomorrow.Best,Josh

whats teh annual operating cost for this site?

You fail to take into account operating expenses, which include paying useless people to shuffle paper and pat each other on the back.

I calculated the MOST I could pay would be 20KP&I: $126Taxes & Insurance: $233Total Payment: $360Operating expenses: $375 ($750/2)Cash flow: +$15What are your thoughts, is cash flow too close to operating expenses?

They don't understand operating expenses and cash flow issues; and therefore end up losing money, and 2. they don't understand how to properly deal with tenants.Good Luck,Mike

Yes you can make a “profit” in a non profit... well kind of… but it is offset by the non profit buying assets or expanding operations i.e. buildings, normal operational costs, payroll, growth etc.

The business would operate at 100% capacity from the minute it is built.