Hello BP Community, Why is P&I / Debt service included in NOI and not factored into operation expenses when adding up GOI ? 

Purchase price: $194,025The Sellers foreclosed mid-transaction and even had to lawyer up to get their lender to look at the Short Sale package.

Just as a heads up as not sure which timeframe of BP podcasts, but before covid you could do a BRRRR and get all your money back out of the deal, today that is typically not the case and you will still have money in the deal - so just wanted to mention that.Lastly, you are way ahead of me and many others already as I cannot swing a hammer :)

They have been booked up all summer for the last few years and they are clearing more than what you would make on the properties if they were a traditional rental in just 3-4 months.

I could hire my real estate attorney but he'll charge me hourly to set it up and I'm not confident this previous will pay anything.

In my first contact with him (via email most likely) should I bring up wanting to purchase his home ?

Here are some tips on doing comps when you do them:1. use the same bed count, go up or down a half bath2. start at a 1/2 mile radius from your target house (expand 1/2 mile each time to get more comps)3. start at 3 months back (expand 3 months more each time to get more comps)

Even if I could just get a few deals enough to start up my other interests and business ideas, that would be great.

Median property value at $171,820 up 15.5% over the past 12 months. 

Lastly, education rates are up somewhat since 2010 while poverty rates are down.SNAPs (supplemental nutrition assistance program) rate is up a bit however.