Actually, it would still be a comp if similar in size and bedrooms and baths and style.

A letter basically offering to make everyone's life easier when splitting an estate by offering a quick close, no contingency offer to buy the property involved in the probate proceedings.You can buy probate lists, or you can find details on your local city's website of the probate proceedings in your city.

If any costs, including vacancy are excessive, then your total costs will exceed 50% - this does happen to landlords in real life, so it's not unheard of.As I posted earlier, direct your 50% rule and 2% rule questions to those other sticky threads - you'll get more people chiming in.And both sets of revised calculations (one with 50% expenses, the other 40%) seem to be correct (I didn't plug in numbers into a calculator, just looked at how you got the results).

A lot of it is naive residential brokers who beleive anything they hear and think they can make a life changing paycheck on every deal so they promote bogus programs and or "lenders".

Remember, you are operating a business, so remember to always treat it as a business, not an extension of you personal finances or life.

Erin Dumonski,I plan on being at the next CTreia meeting, on Monday, October 15, 2012I always wear Eyeglasses, a Baseball style hat, Jeans, and a Sweatshirt.See you then,Raymond

I am actually from Milwaukee I lived there my whole life.

You're trying to cheat and just making life that much harder for those of us who play by the rules.

I can't for the life of me figure out the 50% rule if the payment includes PITI.I'm either looking at a profit of $290.00 per month or more if I did this correctly.

The home is : -Ranch Style -1786 sqft -Year: 1978 -3b/2bth -Has ARV of $90,000 -Rents fron $1,025-$1,200 Nice area in Northwest Houston, TXYour suggestions are appreciated.