Then I took that NOI and divided by the listing price of $189,900 to get a fudged CAP rate of 11.1%.With that CAP rate I used the actual stated current income produced by this property - $2800 to calculate present value.

If you're in the area this evening, the monthly meetup that @Adam Schneider mentioned is actually tonight at Mellow Mushroom in downtown Raleigh from 6-8 PM.

My logic may be off but I would pay for the actual past performance not hopes for the future.  

I'm actually looking into the VA loan application process right now, since that's likely what we'll go with when we purchase our first home. 

What should I do to solidify my chances of actually receiving payment? 

We were actually given your name by Jamie Swalm, who said you'd be a good person to work with.  

I am actually meeting her team lead tomorrow and we are going to walk through a potential flip that he is looking at.

If you can't find a way to actually get the property, nothing afterward really matters.

Thanks in advance Im looking for one where I can actually see their credit and not one that just ranks them 1 star to 5 stars

@Scott Jordan I am familiar with Bamboo--I actually have it in my own home.