There may be an additional penalty known as the estimated tax penalty, but I cannot ballpark that for you without knowing when you made your tax payments throughout the year and when your income came in throughout the year.Interest.  

I give them details about what exactly I am looking for and share a simple formula for my investment threshold  (eg multiply monthly estimated rent by xyz) and suggest that they only bring deals to me when it meets that price criteria.

I would greatly appreciate thoughts and opinions.3 1-bedroom units - rented at $600 each3 2-bedroom units - rented at $700 eachGross monthly income - $3,900Asking Price: $350,000Owner pays water - estimated at $240/monthMy biggest challenge was estimating insurance so I took a guess and put it at $250/month.

If no probate open you need to estimate date of death value to determine if formal or informal probate required (in CA).

Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookConsider checking out HUD homes for small multi's owner occupied gets first crack.

@Stanley Kong  There are disclaimers on listings.. any item on a listing is subject to second party verification.I really like the big bold one on the Charleston SC MLS system" if square footage is important measure"  this clearly denotes sq. ft. is estimated if you want it exact you need to do your own measuringIn the foreclosure or distressed asset business some of the best deals are when the bank or seller mis states sq ft..

Cash on cash break down:1100 monthly rent - 150 monthly insurance and taxes - 150 estimated repairs and misc = 800 monthly800 * 12 = 96009600 / 29000 purchase price (including title ins. / closing costs) = 23% cash on cash

With credible comps and accurate rehab estimates (which you do have to be able to say these are viable, yes?)

Scott The Book on Flipping Houses, The Book on Estimating ReHab Costs http://www.biggerpockets.com/flippingbookConsider checking out HUD homes for small multi's owner occupied gets first crack.

Estimating 10k in rehab which I'm taking a personal loan for.Together with the mortgage including taxes, insurance, and my rehab loan payment I'll be at $1,074 a month.