But you can't just throw it all into an equation and get "the answer"!  

What equation do you use to run the numbers and what do you think about the rental potential on that side (beach rd) & the overall market conditions?

The biggest part of the equation.

Account Closed Thanks for the reply.Some details to add to the equation.

I looked up the addresses on pellegro.com because they have a link to the County parcel number so I can look up tax info, etc.I focused on a "last sold date" of 10+ years ago, with the assumption that this could equate to higher equity. 

Also, based on your formula, wouldn't owning it free and clear erase the "debt repayment" portion of the equation, actually increase the monthly cash flow.

I need a ggood way to factor those types of things into the equation.

Account Closed it's a great question and I had the same question - except I was on the other side of the equation (I was the Realtor, acquisition and finance partner) and when I first started I couldn't understand why a contractor would want to partner with me.

Heather the numbers will tell you everything you need to know, and your father will be able to provide you with the hardest part of the equation which is estimating the rehab.  

are factored into the equation, while still getting him his cash in the relatively near future.Before we submitted the counteroffer, I wanted to throw it out on the board to see what more experienced investors thought of the situation and if our offer sounds reasonable.