P&I = 1832Insurance = 41Taxes = 416The neighborhood is actually new construction - and my neighbor just bought last year.

Watch the neighborhood sales market as well for timing.I read statistics that showed buyers have less interest in spending alot of money and/or time in the kitchen as they did in the past due to their busy lifestyles.

It is a big area with lots of neighborhoods like anywhere else.

I have found that when they (homeowner) find out about the possibility of a sign letting everyone in the neighborhood know what is going on, they see another point for doing a short sale.

You mentioned in the neighborhood of 20%.

The house has a mortgage of 50,000 (3 bed room , 1 and a half bathroom)Houses in that neighborhood are worth about 75,000 The house has about a ballpark of 20k in repair.

Also like I said earlier try to purchase in neighborhoods that still have some type of value.

He is a pretty good whole seller about 3 to 4 deals monthly with 5 years experiencebut, i don't know if its the correct thing to use because when i run my numbers his MAOs are always much lower then my MAOs. now he also stated that the area matters the type of area matters the standard nice house in a nice neighborhood your formula would be ARV X 70%- repairs= MAO - Profit margin= cash offernice house in bad area ARV x 65%- repairs = MAONice house in WAR Zone ARV x 60%- repairs=MAO what do u thing about these?

If you tried to do a rezoning to higher density in my neighborhood, some folks would fight you tooth and toenail.

The bank wants $159,000 and the comps in the same neighborhood are ~$220-270,000.