Based on my calculations I'm planning to run it at about 40% as there's many expenses currently that will not longer be in play once I take over.

I bet if you investigate, you'll find something less-than-natural happened here.

I would add into my calculations what it will take to get this property into proper shape.

What other ways do you calculate your deals?

My place looks nicer than a lot of the rentals in the neighborhood, so I can get a little bet rent and I can be a little more selective when it comes to choosing tenants.

The safest bet in my opinion for the novice is liquidity.

When you are calculating the financials for any property that you are looking at, assume that the property management will cost 8-10% of the gross rents.

I love the small calculations, the quote call outs, and the testimonials at the end.

If the appraiser kills a deal, I'll bet you that the realtor and the mortgage broker will NEVER use that appraiser again.

250 ARV by comps in the area. one of my questions is do you ad the 185 loan balance to the reinstatement fees. i would assume that the bank still wants it's money. trying to calculate the cost of buying the property.