Is the commission not a factor in calculating the maximum offer price?

Typically when a manager takes on capital, from the day it is received by the manager, the return is calculated against that time.

From the quick calculations I just did, which don't come close to the diligence paid by Bill, It would take you 76ish months to recoup your initial investment with the 80/20 rental.Renting at 1500 per month less the $375, your cut is 20.9%, which gives you a gross monthly cash flow of $235.12.

Aaron Yates, if you're set on allowing it, by all means, it might work out, if it doesn't it will be a learning experience, in fact, I bet it will be a learning experience in any case.

In 2-3 years you won't miss the 5k check you never got, but I would venture to bet you'd be happy to sell that house.

I'll bet I have made a thousand posts on the subject.Use a loan servicer!

Very early, you probably need a small number of investors who are willing to make a very risky bet to bankroll the upfront work.

By my calculations, a $600 rent with $380 debt service would give you no or negative cash flow.Another option is to get the deed, take over payments for 90-180 days while you rehab and resell it.

Do mention that it'll be newly renovated ( you might be able to command more.)3) there are calculators to do your math bout cap rate, ratios and dcsr.

Although, I found out today the assessed value for 2012 was $22,360 and for 2013 has dropped to $13,350 so I would think the taxes will be less this year.Plugging all that into BP's mortgage calculator I'm coming up with a monthly payment of $324.58.I've confirmed the rent should be $650.