Your accountant should figure out what assumptions the State may have made and they will need to generate the state returns for 3 years in order to calculate if the state is correct or not.

My assumption is they are referring to architectural drawings for the building. 

Just to be safe.Hi Dalton,Thanks.Have not put in the information for those figures as am making the assumption that the utilities are metered separately as there is currently no information. 

So how do you turn a profit without compressing cap rates: you make the safer assumption that rents will grow long term.  

There's alot of assumptions being made about this Realtor/Seller.   

If I can contact the buyer and seller, and we agree that I do assumption of loan (in leu of foreclosure to buyer) is there specific paperwork to follow in the state of CA, or how would one stop the foreclosure proceedings through a title company, or what avenue does it have to legally take?  

My question is this: We have some good friends who will move back into the area in a year or so, and I was wondering if anyone knew of mortgage lenders who might allow assumption/transfer of loan to keep same payment schedule and rate? 

My end goal is to get into new constructions, however I'm not sure that my credit is currently good enough (<600), so my assumption is that my best bet would be to start with an auction property.

I've made conservative assumptions, especially on rents.

But speaking to another agent they said that my initial assumption was correct .