You need to find out if the tenants gave proper notice, though, and what your lease says.

Then the balance of the cash would be in 5's, 10's and 20's and stored again where I had ready access no matter what.

Accounting does not make corporate earnings or balance sheets more volatile.

A properly buyer leveraged wholesaler can make money in any market without risk or even the need for credit or cash.

Houses prices have fallen, and this, if it happens, would reduce loan balances to better match the values.

The top and near the hinges also needs cleaned.Living room blind needs cleaned better.Master bath:Streak of dirt on baseboard by toiletShower grout and tile need cleanedTub looks dirty, inside and out-needs scrubbed.Toilet bowl does not look clean.Bathroom blind needs cleanedHard water deposits on sink at faucet.Suite floor has many areas of dirt and debris in bath, in bedroom proper, in closets, and in the little hall going to the living room.

New owner now has a lein on property and can not sell it without paying the lein off, even though the debt was not their responsibility.Original owner/developer should have had language in the contract that states that all subcontractors invoices must be paid in full and proff of which to be presented prior to receiving payment.This is one of MANY problems that can occur without the proper contracts and contingencies.

Chris thanks for the info, chris i also found out that my thoughts were correct.there is no set value, the value of the property is based on what makes sense for you to achieve your investment goals (that's it).some will say to not rely on the cap rate for your purchase decision (which i agree), but to use it to compare to other similar properties that have sold in the area, which is actually not reliable because 1. there will be less comparables, 2. how properties were purchased vary from deal to deal, 3. the inner workings of most transactions are confidential.so the best way to analyze a deal (while using cap rates) is to add your financing terms into the picture (principal + interest and etc) and calculate what the deal is really worth to you.see the normal NOI/Asking price = cap rate is based on if someone were to pay all cash, this is the return they could expect first year, but paying all cash for a property doesn't happen all that often (bank funding will be use for a large portion of that cost).so i found the best way to use this formula and analyze my deals is by look at all factors but also including my financing terms with my desired return objectives into the picture to get a proper view and value to me.

i.e. just to start with any total balance and quickly figure out what it would cost per month and/or per year with interest and pricipal.

I believe that Todd Morgan is clean, but he does not do proper due diligence on who he is associating himself to and he is just getting a piece of each referral, from what I can tell.