Now when the market is hot, I think it will work well, but when the market slows down (and it will and is in many areas) then you are stuck in a very precarious position.Also, you don't pay tax on that $6,000 in cash flow when you factor in depreciation.

So Mike would you say that plugging in whatever numbers that come out too approximately 50% percent for the expenses into a property analyzer program (assuming all other factors remaining the same) would that give you a reasonably accurate number of your realistic cash flow on a property?

In my meeting with the REO agent he did ask me some questions that were designed to see if I was a serious, capable buyer and I believe I had the right answers.My main source for private financing won't be available for 4-5 weeks.

Things need to fall in place, it can be difficult to design and manipulate the seller and an end buyer to make thins work.

In the investment property we bought a massive modern original piece of art from a local artist for around $200 and it complements the antiques.I like to read interior design magazines then replicate the look for as cheaply as I can while maintaining some quality. 

The age of mechanical, plumbing and electrical are factors too.

There is a property here in ft lauderlade fl that is about to be offer in a tax deed auction, it is in a good shape. but it has like 300,000 in code violations:1: FBC(2007) 105.1 -- PERMITS2: FBC(2007) 105.4.5 -- PERMITS3: FBC(2007) 109.10 -- INSPECTIONS4: FBC(2007) 1604.1 -- GENERAL DESIGN REQUIREMENTS$123,300.00 NUISANCES SPECIFIED. $182,600.009-280(H)(1) -- FENCES/SITE WALLS IN DISREPAI: $31,100.00This looks vert scary i want to know the line of action.

. ($90,000 minus $73,893.48) you will get the gain on sale of $16,106.52.To factor in appreciation, simply multiply the appreciation number to the original purchase price and add that together to make your sale price.

Think about your overall strategy, are you going to use the 50% Rule, 2% rule, or appreciation will be your main factor.

Spend 15-20 hours on this site searching, reading, practicing evaulations, studying your market, factoring in your available investment money, then set some GOALS.