Lesson learned.I agree with you absolutely, you can still find value and quality.BTW, the first painter wanted me to pay 50% up front (plus, I was already buying all the paint and supplies), so I had no real leverage over him when he did a poor job. 

The lack of supply is what is making home values skyrocket, and so does the cost of rent.

Again, generally speaking, and I understand it varies by market and prices and other variables etc....

My father owns a Nail Supply store and has not opened a Business line of credit.

You need to keep in mind there are more variables at play when you evaluate a market, a neighborhood, and a specific property.

And 30 yr fixed rates takes another variable off the table. 

Still not enough housing supply, so prices will continue to climb for the foreseeable future.

It seems like supply is high and demand is low.

Hi guys,I'm new at this- What do you usually go with for commercial loans- a fixed rate or a variable (prime plus)?

@Marvin McTaw, I am referring to another method used for calculating MAO which is called the "Fixed Costs Method" This formula is similar to your, but it includes a few more variables such as purchase costs, holding costs, selling costs.