Not sure what the math would look like for a project like this, but its got to be in the same ballpark.The ARV of a project like this would be the total value you expect to get for the units when they're sold.

Meanwhile, I'm at home working on creating some info sheets to put in the box for prospective people to take with them.

Ryan did the math for you.

Is this a valid strategy if you still do your homework such as getting an inspection done, appraisal done etc....Would a pro do it if the number worked ?

Of course, if you disagree that this was a positive change, feel free to discuss that...but don't use this thread to bash other Obama policies that have nothing to do with the original topic.That is like praising a child for tying his shoes when his homework is not done, his room is a mess and he is playing video games.I will even give some more praise for Obama, he wears nice suits!

Do your homework and then write up offers.

If you work through the math, you'll often find its more profitable to buy three or four rentals with fairly large down payments and mortgages than just one with cash.

I expect them to do their homework as I would do it myself.

One thing I have learned is that if the deal seems to good to be true...Do your homework on this one, 95k + 12k may seem like a good deal and minimal investment, but we are talking about an extremely hard hit area of the States.

I found a condo close by that seems to fit the 50% rule, but I just wanted to double check with the experts:Price: $54,000Rent: $1,100 Mortgage: $43,200 (w/ 20% down over 30 yrs)Annual Rental Income: $13,200NOI 50%: $6,600Annual mortgage payment: $3,444Annual Cash flow: $3,156 or $263/monthAgain, just looking to see if the math was correct here and if you guys would pounce on a deal like this...