With the terms you have, its not the best rental.I calculate your payment at $183/month.

This is calculated by taking the Gross Sales Price that the home is resold for, less (say $400,000) less all costs.Tenant and Landlord agree that the home will be sold at an amount that may be more or less than area comparables.

one thing I don't understand is how you're using a discount rate in the calculation of IRR. ??

I'd like to move to Santa Cruz James, I bet Tim thinks you and I should get together and eat some pot brownies.

Your best bet to avoid procuring cause disputes is to be upfront and say you are working with another agent.

Many of these owners were really speculators, betting on continued appreciation.

If you need software to calculate cash flow, you shouldn't be buying anything.

If you are thinking of 200 unit apartment complexes then your target market would expand to a regional or national apartment management / developer.Your best bet might be to look around at the different types of projects that you are thinking about developing that are for sale and contact the listing agent.

Once they feel that we hit bottom, all bets are off.

Can you run a park with lower expenses, you bet.