Regarding your house... if you are going to try to replicate the "how he did it" guy with pre-foreclosures, keep in mind the equation: $54K/$120K < 50%.

So, I don't tend to care too much about cap rate, but more so about cash-on-cash return...so I'll include capex in the equation.

To me, that is a big part of the equation if you are going to be holding it long term.

Finding a property is only part of the equation, you still have to close the deal.

Don’t get tricked by the 1% rule, it is commonly used by real estate agents and some turn key providers trying to make the investment sound better than it is, it does not necessarily equate to cash flow as there are so many other metrics and situations to consider, not to mention changing market conditions. 

The trade off is that you add management to the equation.

I thought when you said houses are selling in the area, I didn’t equate that as meaning SFR.

So based on the above calculator they are saying the payment to the lender in addition to taxes for the month would equate to approximately $266, plus an additional $67 for insurance, bringing us to $333.

Questions are bolded below: basically requesting calculations for payoff, NOD reinstatement amount and projected Notice of Sale amount or formula so I can calculate when I know the date of sale - in English please, not algebra equation please!)

This equates to $5k of cash flow per year.