Make sure you have cash reserves because IF the unexpected arrives, you will need cash to take care of it.

Somewhere around this step the borrower will usually see document packets arrive in the mail that do not need to be executed and returned.

I like a to have a routine such as knowing rent checks will arrive monthly etc.

I'd like to show a seller how I arrived at my offer by writing up my own appraisal and showing it to him.

I always fill out a detailed report ahead of time (i take a couple of hundred high resolution photos date stamped as well to document condition), then go over it with the tenants when they arrive.

I have done this many times and in addition to the reasons he mentioned, offering an a,out that is not a perfect even number gives the illusion that intense and specific financial calculations were used to arrive at a max offer.

How did they arrive on the purchase price?

How did they arrive at that buy in number?

At least a years seasoning would be required. 3- How much in expenses are you allowing for in arriving at your $200 per month cash flow?

There is really nothing to analyze or check.You've got a nice profit shown, don't know if that's accurate, how did you arrive at the ARV, and is that an assumed sale price?