I'm trying to find out what they are planning to do with it.I'd bet they plan on selling it "for the highest possible price within the shortest possible time".

By my calculation, this property should lose about $275 per month when you consider the opportunity cost of the money.

I bet young people flock to him.

Bet some sucker is paying 150 so I doubt it'll come back to me but now I'm in top dollar of what I was willing to pay. uuuggghhh!

If you need a receipt the book lists a pretty good one.Funny enough the calculations used to identify good deals are similar or the same as what Mike advocates.

In your situation, I would think using $20k down on a rental that will positive cash flow FOR SURE would be a safer bet and accomplish a similar result.

It looks different on that sheet than it did on all my spread sheets and calculations.

As I bet you've already guessed, people would "buy" the big screen, then have Circuit City pick it back up after the games/parties and get their money back.Indeed, a money-back guarantee is most effective when the product/industry has a less than stellar reputation.

What method(s) have you found to most accurately calculate what a tenant will pay to rent a house?

The loan does not specify who you have to use for the repairs (even the borrower), but they have to "be qualified to do the work and complete it in a timely and workmaship like manner"The budget would be very important as the funds for the repair are limited + small amount of contingency funds and are held in escrow until the completion of work.If it is a HML than the budget would still be important as you would have had to calculate them as accurately as possible to protect your profit.