Cash out up to 70% of market value immediately up to the total cost you paid on the final HUD settlement statement whichever is less in under 6 months.Option number two you can wait 12 months and you can cash out up to 80% using market value which means you'll be able to take out all of your money in the property and the some with out tax as long as you have not sold the property.

Does anyone know of a good commercial analysis spreadsheet?

Highest and best use can be a pretty sophisticated analysis for a new investor.

Which is why I am finally taking a leap of Faith and working toward getting off of it and still support my family.Doug

He only used buyer-brokers when he did his own analysis, comps etc.

What is the 15-minute analysis you do?

I intend to have it professionally inspected but at this point, all it appears to require is paint and flooring in the kitchen.This property will be my first rental and according to a rentrange.com analysis, rents run from $800 - $925 for comparable prooerties.

They finally moved in, one night the husband got pissed off at his wife and decided to kill his wife by setting fire to the house with her in it.

So your $800 would over the life of the rental be closer to $400, $480 if you will be self managing (40% not 50%).Back of the envelope analysis shows you making a net operating income of $5760 for the year if you self manage, a 13.7% ROI if you spent your $35k doing repairs.Learning these quick guidelines for analysis is a good idea to qualify or disqualify a potential property.

These are oftentimes things that aren't obvious at the initial analysis.. like what's behind the walls.. and unexpected things that pop up.