Naturally, the validity of the end result is only as reliable as the data inputs used to determine your revenue and operating expenses and relies on the assumption that the market CAP rate was determined using the same methodology and inputs.

Flipping is a natural fit for me.

Adrien Schebott  I am just thinking in the mid west markets  ( and Chicago is not typical since your values generally are more coastal in nature)  one could probably just kill it with this form of advertising... as you know many of these areas retail sales move fairly slowly.

TBH, the 4-plex zone up in Rockrimmon is very tempting - seems a lot more middle-class, surrounded by upper middle class SFHs (and Nature).   

I'm an entrepreneur by nature and my degree has taught me to love my spreadsheets and property analysis.

New York City's a beautiful place, I'm trying to move their soon myself!

When the sun is out, the house is filled with all the natural light and it makes it very positive.

It's a beautiful thing.

I prefer the woods natural look, protected by 2 coats polyurethane.

personally, bruny, i am of the nature to try to get something as cheap as i can get it. its kind of a " i win" stragedy. lol. the better i do, the better i feel about it. from the the numbers you listed, $162 seems ok. they came down $27,000, you offered $59,000 less than original. my guess is that was a lowball offer for you. most banks aren't going to settle for a lowball offer anyway. i think i would come back at $150,000. you have come up a decent amount and are willing to assume other liens on the property, and you would be offering a reasonable amount to the bank for it. sure, they came down further than you went up, but if you add in the other liens, i would bet you pretty much meet in the middle