I used exact mortgage balance and used in-building comps to calculate market value (all 3 are condos).

At the end of the lease, I had the option to back out, and get my $70,000 back, or purchase the property by paying the remaining balance of $10,000K.

Your income from a regular job could also be used to finance the flips, ensuring that you have a steady source of funds for the business.This division of labor could provide the business with a more sustainable and balanced approach.

My appreciation market has afforded me the ability to pull out equity and grow, and long term will provide me with better wealth accumulation.My cash flow market affords me the ability to replace my income and will provide me with the means to "retire"I would never sell one for the other and like the balance each provides

You can find other threads on BP that cover:Simple InterestCompound InterestRule of 72sPresent Value of Future Cash FlowGross Rent MultiplierGross Scheduled IncomeVacancy and Credit LossGross Operating IncomeGross Operating ExpensesFixed ExpensesVariable ExpensesNet Operating Income (NOI)Net Income MultiplierTaxable IncomeCash FlowCash on Cash ReturnSale ProceedsDiscounted Cash FlowNet Present ValueProfitability IndexInternal Rate of ReturnPrice, Income and Expenses per UnitPrice, Income and Expenses per Square FootOperating Expense RatioDebt Coverage RatioBreak-Even RatioReturn on EquityLoan to Value RatioPointsMortgage Payment/Mortgage ConstantPrincipal Balance/Balloon PaymentPrincipal and Interest per time periodMaximum Loan AmountAssessed Value/Property TaxesAdjusted BasisDepreciationAppreciationGain on SaleLand MeasurementsBuilding MeasurementsBut as Mike OH pointed out, you can't eat a cap rate, you eat what MONEY can buy you, so HOW MUCH MONEY WILL YOU MAKE is the first question to ask.Something else to consider is to value your TIME.

If the eviction is solely about rent, I explain we do not want them to move out, we just want them to get to a zero balance and this process gives us a firm deadline.

Absolutely yes, but balanced out over 6 months those expenses will get covered plus some when you resell the property.Hard money is not as much about choosing the right clients as it is about choosing the right properties.There is some basic understanding of collections needed here, too.

Some states a partial payment will stop an eviction but it doesn't just forgive them of remaining balance.

When you can't rent them, you don't cash flow as well/at all, which means things don't get fixed, which leads to reduced property value and you lowering rents, which leads to things not getting fixed..... etc.I think you need to strike a balance: on one side, you can buy great homes in great locations that attract great tenants which saves you time and headaches, but the numbers won't be as good.

I arrived with cashiers checks at the loan balance amount for a house in 2010 and the opening bid was 10k over so I never got to say "dollar!"