The rich in waterfront homes tend to have newer properties that meet current FEMA standards while those in sub $100k homes in coastal areas (but not on the water) or anywhere near a river, stream or large puddle are seeing huge bills (I've seen some properties hit with $20k premiums on <$100k properties).

Here a standard is 20'x20'.

However, I have provided a great standard of living to them across the planet. :)Having said that, even if she were the successful bidder at 220K, you can bet every single one of the 130K she 'saves' they will file for a deficiency judgement FAR in excess of the 130K.

If you accept Section 8, your apt will be inspected annually to make sure it's up to standards, which can cost you some repairs as Section 8 tenants tend to not take care of properties as well as people who pay full price for them.The benefit to accepting Section 8 is that you are getting a large portion of your money every month.

See if you can get a standard 25% down investment loan for 30 years on the 2nd property.

This wasn't a problem as that's our standard operating plan but something to keep in mind.As Bill said the business plan for a real estate investment is a simple document.

When done will get a standard 30 year mortgage with a cash out to pay back what I have put into the project.

These are some industry "standards" you can go by if you choose to get involved.

All our postcards are sent Standard Bulk Rate and that is typical to add that line b/c the PO does not want to deal with returns on that bulk rate mail.

So if 8% cap rate is standard around there, plug everything into the cap rate formula to figure out what price would induce an 8% cap rate.If there is a lot of margin for profit using an 8% cap rate, you can lower the price which would increase the cap rate which would lead most likely to a faster sale.