Getting a termite guy out there would be the best bet.

They are going to be difficult to achieve consistently.I suggest you also calculate how much you can deviate from that and still yield acceptable profit/cash flow.For example what if you can only buy at 70% ?

The house is really cheap and does not need a lot of work.....New roof,new electricity,new plumbing and so on......From my calculation i can get between 1500-2000$ every month and in one year the house is paid off so you can see how much they want for the property...The owner just gave up fixing it but as i see it, it's almost done....

My calculated mileage (to and fro) is almost 2K miles. 

To give you guys an idea, I opened an IRA 10 years ago and I calculated my annual return at 4.4%.

A used house that can't be rebuilt for the same price might be a good bet.

Great question, I too am interested in the BP community recommendations for books on note buying, I just ordered two books yesterday on the topic on Amazon, wish I had thought to ask here first.I based my purchase on publication date being newer than 2010 and number of positive reviews, kind of a sketchy criteria I guess.I also read Invest in Debt, went and bought a financial calculator, and read it again, really interesting read.Rick

Lex Dixon for a quick calculation for apartment value if building is old use .40 or if not too old (under 10 years old) then use .50.

How can I calculate DSCR and CoC prior to making an investment if i do not currently have a loan on the property?

We should have started some kind of betting pool -- guess the next applicant or something.