We plan and account for what we understand and control, and make what we think are the correct decisions.

The only problem is that landlords don't have the right to correct the bad tenant's behavior.

Your broker is correct that assumable loans are very rare.

Though the 50% rule is quite good and convenient, I would rather project possible rents and expenses under different economic conditions (say expenses range from 40-60% or the property appreciated/depreciated from -5 to +5%, so that I can have a handle on the range of possible values.You are correct in that cap rates are not relevant in finding the market value of a SFR.

Once you know for sure it’s priced correctly, then offer 70% of that and wait for a response.

the point behind this whole thread is that I feel alot of investors are missing out on some great deals because they're being taught how to analyze them correctly, so they can't get a true sense of a deal or trash.

Mathew, you would be correct that these are not the nicest of neighborhoods.

Also easy is to use Excel or Open Office Calc, both of which have built in forumlas for payments, future value, present value, etc.And, yes, you're correct.

The Main Street address that has been posted here in this thread is still correct but he also has Ephraim UT 84627.

I've tried uploading and it said that it was not in the correct format.