The numbers in the area typically look good, but you must adjust for the headache that may come with the property. 

Insurance adjusters use it for claims, so it takes into account what area contractors are charging.  

Hello,I was wondering what is the impact of rental income on your modified adjusted gross income (MAGI)?  

I also had a local bank offer me a 15yr fixed rate or a 30yr adjustable rate.

So far, I have been doing commercial loan 5 years adjust / 25 years balloon.

Sometimes, you can adjust the withholding on your full-time gig (if you have one) to give you more money in your paycheck rather than as a refund at the end of the year based on your proposed deductions.  

If your appraiser did a good job and was able to find similar properties near yours, the adjustments will be minor percentages.

Seeing more DOM, less multiple offerings and more downward price adjustments and trends than I have since '09. 

GregFirst thing is get and read J Scotts Book on Estimating Rehab Costs Book on Estimating Rehab Costs then adjust it to your market and to the price point of the properties you are rehabbing.  

Please let me know if I should adjust any numbers in this equation.I am a licensed RE professional in the state of Michigan.I will have my RE attorney draft all agreements, so the legal is covered, just looking for structure.Also, if this deal looks like it would be better for another option other than the SLO, let me know your opinions on that as well.Thank you!