With I&P Payments x DSCR (1.25(what banks will loan at a minimum on usually)) and that will give you the minimum NOI the property will need to achieve for you to make a return based on basic lending rules.

@Christie Gahan PMCs are often lumped in with used car salesmen:(In our opinion this is due to a lot of bait & switching and poor communication.No excuses, but much of this is caused by owners who are always looking for cheaper, but don't care enough about quality.It would be great if someday AI allows a PMC to track every minute their time is spent on a property and send that owner a bill based upon that time, just like lawyers do.

"Maximum bid" is based on the value of the property, from comps or however you choose to derive that value.

Detroit's appreciation is more based off the low barrier to entry than the industry growth.

@Travis Schmidt, first I would carefully evaluate the repairs and the costs because that sounds like an EXTREME amount of damage based on those amounts.

DSCR stands for Debt Service Coverage Ratio and allows you to qualify based on the subject property's profitability rather than your DTI, income, etc.  

I know in New Orleans it was just kind of assumed that there was lead based paint on things. 

Hey everyone, I'm Milos Andelic, an investor based in Atlanta with a passion for finding and reviving distressed properties.

The price difference seems to roughly be 200k vs 500k based on what I've looked at.What do you do if all of a sudden you can't swing your monthly payments?

AndrewDo you still have the 3 socket meter base in stock?