I use the calculation for my max price, based on the 50% rule, adjusted for my contribution.Max price = PV (rate, term, -rent * 0.6) - rehabNow, my actual calculation is more complex and accounts for purchase, holding, hard money, and refi costs, and any rent I'll collect while I'm working on the refi.

We are not victims unless we let ourselves be victimized.When I bought my first house, I had a mortgage broker telling me that I should be in a 1-year adjustable loan with a low intro rate.

After adjusting to the steep learning curve, I stopped doing residential altogether.I now own my own company and haven't looked back.

If you want to use past values to get an idea, go back to 1999 or 2000, get those prices, and adjust for inflation, about 25% higher.

The unemployed weren't dropped from the counts in those times, now we seasonally adjust 'til the news is improved enough to keep the masses from the gates of the palaces (where unemployment isn't a problem - yet)...

Shut water valve off, flush toilet, take a baster or a sponge and remove the excess water, unscrew hose and valve, replace with new valve, screw the hose back on, turn water valve back on, make adjustment to flapper if necessary, test and your done.You should be able to do in 15 minutes.

Also, I've lived in my house for 2 years already by myself, so it would be an adjustment to go back to living with roommates, so that is the other thing that is potentially a negative.3.

Luckily I have a well covered policy in which they already sent out a "board up" crew and are sending an adjuster in the morning.

But the heinous piece of the legislation is in section 101(3)(e), which defines the affected principals as:> '(E) does not include, with respect to a residential mortgage loan, a person, estate, or trust that provides mortgage financing for the sale of 1 property in any 36-month period, provided that such loan-> (i) is fully amortizing;> (ii) is with respect to a sale for which the seller determines in good faith and documents that the buyer has a reasonable ability to repay the loan;> (iii) has a fixed rate or an adjustable rate that is adjustable after 5 or more years, subject to reasonable annual and lifetime limitations on interest rate increases; and> (iv) meets any other criteria the Federal banking agencies may prescribe; and> > Yeah, I know, confusing.

But the heinous piece of the legislation is in section 101(3)(e), which defines the affected principals as:'(E) does not include, with respect to a residential mortgage loan, a person, estate, or trust that provides mortgage financing for the sale of 1 property in any 36-month period, provided that such loan-(i) is fully amortizing;(ii) is with respect to a sale for which the seller determines in good faith and documents that the buyer has a reasonable ability to repay the loan;(iii) has a fixed rate or an adjustable rate that is adjustable after 5 or more years, subject to reasonable annual and lifetime limitations on interest rate increases; and            (iv) meets any other criteria the Federal banking agencies may prescribe; and             Yeah, I know, confusing.