The current tenant/operator (two women) signed a 5 yrs lease 6 months ago.

For instance, you I won't find a selection to replace a toilet, when I'm in the living room. 

If I (as buyer) was just looking to live there for five and a bit years I might sign up with no intention of actually paying. 

What's even more is that using the IRR, you can also then make comparisons to a whole lot of other types of Investments.To answer your question, however, please refer to this snapshot:Rather than calculate the IRR for each and every year, I just decided to calculate the 5 year IRR for the numbers you type out in your last post.You really should split it out as I have done in this spreadsheet.First, make a column only for the Buy/Sell, or as I put it, Appreciation.When you buy the Investment, you paid $323,472.Noticed you PAID for the investment.Most people don't really understand Cash Flow so they don't understand that Cash Flow is really just a direction of how cash is flowing.You need to first pick a reference point and then you can figure out how to properly put a sign on the Cash Flow.In this case, we have a Cash Flow of $323,472.HOWEVER, we need a reference point.

It's time to re-fi and we need her to co-sign the next purchase since both wifey and I are self employed and have variable incomes.

Hello,I pulled the tax card for a property that I am interested in and was wondering if I should take any of the information on the tax card into consideration such as the total appraised value ( I know this is a different value than what an appraiser would appraise the value at after a P + S is signed), or other information. 

Overlays are extra rules banks put on top of Fannie/Freddie rules to be more...selective...that might be a nice word for it. 

After signing the lease, he and his girlfriend got married and caught the kitchen on fire, all in the same weekend.

It seems to give you 10 estimates or so, and then requests that you sign up for a paid membership.  

Well, lesson #2...The offer we signed stated that all deposits as well as rent paid for the closing month (prorated) was supposed to be given to us at closing.