We've already experienced this, missing out on the chance to bid on property by hours, because someone saw the house on Monday when we wanted to go in on Sunday but didn't get to until Tuesday because my agent was unavailable.

Hello,We are looking for the correct type of QuickBooks software to use as the website has several different version.

I think I'm ready to ask to see a property and put a bid on it, but I'm concerned I may be missing something since the Cash Flow #s seem significantly higher (better) when using the SFH_Rental_Analysis spreadsheet than my own 'back of the envelope' calculations and since there's so much more going on in that spreadsheet than my own I'm not sure what I may be missing.The Facts:I'm looking at a property that the seller is asking about half of what Zillow estimates the property to be worth, and about $10k less than its last sold value. 

Your math is correct.

.#1....If it is a live auction...go...see who bids....talk to them...find out what their strategy is...take them to coffee, take them to lunch....offer to help do leg work. 

In doing this, what is the correct way to go about it?

Yes that's correct and most people aren't using HML's for down payments they are using them for value add deals where they can force immediate equity through rehabbing and then refinance out into a better loan program.

You will get into bidding wars on properties under the $400K mark you see on Redfin.

I have several properties in my portfolio including a 4 plex I'm closing in about 10 days. 7% seems very conservative, I think you could find some deals with an cash on cash of at least 10-15% if structured and purchased correctly.

Jared - You are correct in that we are being pitted against other property owners, at least that is how I see it as well.