Another important factor is what bank services the loan(some require submittals through Equator) who owns the loans, is it Freddie, Fannie, FHA, does the investor participate in HAFA, etc.

If you do a rehab project and it takes you 6 months and you have a hard money loan plus closing costs on both the buy and sell you really need to have a lower buy price than the equation above.Ever wonder why the 70% is the magic number?

I see that a lot more factors add into the equation then just face value.

Ive since found that rental would be more like $900/mo, but I still doubt this changes the equation much....I guess Ill just leave the price at 179k and wait it out...This makes me wish I had countered the 165k offer.........

Alt-A is another part of the equation that is all but going away.

The other half of the equation is your labor costs.

Take the emotion out of the equation and we would have record home sales and a record breaking economy!

That has got to enter into the equation somewhere.

Assuming half will go to maintenance, insurance and property tax, equates to $700 per month to me which is lower than my 5% CD rate on $270k.

You are going to want to sign up with different asset management companies.There are quite a few lists around here however the main ones seem to be equator, *******, reoworld, and reomac.