id=201104aprnewsletter.pdfpage 4Failure to Perform an Accurate Appraisal Report and Select Suitable Comparable Sales''''''' In Case No. xxx-xxxxxxxm .......Comparable Sale No. 3 is located over 1 mile from subject and no support or explanation is provided as to why other equally similar comparable sales in closer proximity to the subject were not selected.

This is the most accurate calculation of return in my opinion because it considers the time value of money down to the day.

With today's LOW interest rate, gambling with ARMs seems nuts to me.Do your numbers make sense at all (i.e. 2% rule) ?

Additionally, if you are late on just one card, the rest of the credit card issuers could raise your rates under something called "universal default" (late on one is late on all).Too big a gamble, in my opinion, especially if the property you purchase does not generate income right away.

You need to be accurate with this so that you contact the person who has the power to sell you the property.

My favorite saying is "applied and accurate knowledge is power".If you learn something accurate but do not put it into practice you will get zero results.If you take inaccurate or half-accurate information and apply it you will not get the results you want.The combination of what you just learned being accurate and correct and the implementation is what makes the best chance for success.I usually just look at the books for free and pick up tidbits that way and read on this forum and also read state statutes and federal statutes.Tons of fascinating info there you didn't know.

Keep the "rule" handy, but learn how to do the accurate equation from day 1, well try that is.

You're overseas, they could use the cash, and based on their track record, your risk is lower than gambling on gold ect...

I'd think that would give a slightly more accurate idea of cap rate.

If you buy properties based on that evaluation, you will fail as a landlord.Like gambling in a casino, this is a "long term" number.