Michael KubitzaYou asked: can anyone provide some info as to how to do the "@Name" To do that, hold down the shift bar, and type the first 2 letters of either the first or last name, and look below your post and you will see the name highlighted, click on it.Raymond

See below.

I haven't followed up on the details, so maybe one of our TX members will chime in.I would only proceed if 1) you can buy below market (and YOU must figure out what market value is), and 2) you're not locked into anything with the existing tenants.

The credit is $2,000 for a dwelling unit that is certified to have an annual level of heating and cooling energy consumption at least 50% below the annual level of heating and cooling energy consumption of a comparable dwelling unit and has building envelope component improvements that account for at least 1/5 of the 50% reduction in energy consumption.

Listsource is a little hard to navigate at first, I had to mess around for about 30min until I found all the filters.

Here is my dilemma: I live in Northern California where house prices have hardly dropped and my community has currently 1 house below the $400,000 price.

Being so new I would the more experienced opinion of the wiser BiggerPockets community.Here is my dilemma:I live in Northern California where house prices have hardly dropped and my community has currently 1 house below the $400,000 price.We are near a University and the rental market is always busy.I'm currently looking at two houses.A Duplex that rents for a total 1700 / monthA Fourplex with rents that total 3950 /monthThe duplex, I'm thinking of offering 215k bank wants minimum 235kFourplex I was thinking of offering 400k Banks wants 465kAt these prices my calculations don't seem to cover the 50% rule.I'm doing FHA or Conventional with only %5 down.Doing my calculations, at the prices they are asking I don't even get a Cap Rate of 6% or the 1% rule.What do you guys think?

All kidding aside someone was about to tell you that there's about a million posts directly below yours that explain wholesaling and that it would have been less effort to read them (or just one of them) than to ask a question like that in a new post.Since we're on the subject, wholesaling is getting a property under contract and then flipping the paper, either through an assignment or a double closing to a cash buyer.

Appraisal for loan purposes is generally high as to market value, appraising for estate purposes could be lower or for liquidation of assets.

I'll do a quick calculation to see if the property is going to be worth going to look at using estimates for rehab.Calculation:Rental rateminustaxes: this will be on crsdata Ins: I usually calculate $1000-1100 for the yearMisc: 10% of rental incomeProperty manager: 1/2 1st months rent plus 10% of the next 11 months usually comes out to 12%Exp:Rental income: $750(property management: $100)(Taxes estim $900/12: $75)(Insurance: 1100/12: 91.66)This is variable it could be lower(misc repairs in future: $75)= $408.34 per month profit or $4900 a yearThis is a great profit if you get a house rent ready under $20K.Thats a 24.5% Cap rate.