You have to look at the surrounding market and determine if your rent is on track, above or below market, and then adjust accordingly.

If you look at that data, adjusted for inflation, you will notice an interesting result.

Adjust as needed until it is leased.

Analysts always adjust the numbers when pricing securities so it seems like a waste of time to not just mark things to market using some independent third-party guideline of some sort.

The risk-adjusted returns for buy-and-holds are on par with fix-and-flips and many other (hard money, developing, etc.)

I may be very vital against myself on the numbers, but the numbers have been updated in the posted spreadsheet and look like: ROI16.0%Cap Rate10.0%Cash on Cash12.1%Debt Coverage Ratio1.82Expenses / Income Ratio54.6%My cash flow for 2 doors is: $2,570.96And that's with the following expected expenses:- Vacancy13%($1,872.00)Adjusted Income$12,528.00Operating ExpensesMonthlyAnnual- Property Management $120$1,440- Property Taxes$120$1,440- Property Insurance$80$960- Maintenance$1,500- Utilities: Water$100$1,200- Miscellaneous Expenses$300.00I think I'll learn a lot from my first deal, and I'm ready to write a long story about it AFTER I close.

For example, he gave me a spreadsheet to handle amounts from the HUD1; this needs to be adjusted for every property transaction (since the line numbers for lots of fees will vary from one closing to the next).

Since BPO's and appraisals are based on historical pricing, there was a brief moment in time where historical values lagged current pricing and this is where the value really was realized.Now, demand is down and pricing from the previous months have not adjusted fully to current levels.Seasonality also comes to mind.

I would create a separate spreadsheet, input the data by hand, use the spreadsheet as a guide and adjust the offer price as you see fit based on your experience.

My question is what do I need to do to get the tax reduce to the value that am paying for it, so that over $200 will not be going to tax from my rent.Secondly, we are closing by the end of this month can I still get the tax adjustment done to reflect in the tax for 2011Thanks