Hi Nick,I'm by no means an expert on South Bend, but I'm fairly familiar with it.

It’s located in New York State, and I was informed (though I haven’t seen it in the auction contract) that all mortgages and taxes will be settled by the seller at closing.

Takes that expected of of life replacement total, and divides it by the time left.

If you can qualify using your income I would avoid DSCR but again its not the end all they have value.DSCR single family requires 15% down, 2-4 Units require 20% down, they offer 5/6 ARMS, 30 & 40 Year fixed and I/O Interest only options which can help cash flow first few years.

I was quoted by a lender today at 6.95 percent with 20 percent down.

I found the lender from a different state by searching lawsuits and matched the one with this builder and their company.

The location in Linden, MI, and the property's structure offered an excellent opportunity for a significant value boost through a fix-and-flip strategy.

Sure, the fill time can be almost non-existent, but you also may need to abide to standards accepted by the previous property owner.

He earned quick money as a wholesaler, and I have a house to keep)Rehab cost: $20k (vinyl floor, interior paint, new dual pane windows, new toilets and bathroom vanities, lights, new landscape, new AC condenser, all done by handyman, spent some extra money for minor plumbing and electric jobs, hydro jet sewer lines, clean up attic (had mice), added some insulationTime spent: 3 weeks (two handymen for the first two weeks, one for the last week)Value after repair: probably around $440kJobs still need to be done later: some dryrots, roof work (it's tile roof, roof doctor quoted me $9k, handyman said probably $5k, home inspector said $15k you can get a new shingle roof.

Still new here- I know I can find the cap rate by dividing the NOI by the market value but what's the most reliable way of finding the market value?