Hi Steve, Am I to assume that you have done a 5 day sale or are you just referring to the temporary seller assist strategy that you use?

IRR can overestimate your return in many cases, as explained in Frank's articles.What I find interesting, even with MIRR, is that in order to account for the fact that earlier cash flows are intrinsically worth more than later cash flows due to the TVM, I have to assume a reinvestment rate.

But we can't assume anything.

Part of the requirement for financing (assuming it is allowable) is that I draw the payment directly from the buyer's bank account every month (spoke with the branch manager at my bank and she told me that we can do this at no cost).

Lets be generous and assume you can buy such a building for $800,000, and that you can get a 30 year 7% loan.

In your experience, do letters pull better results than the postcards (assuming the same text on both) ?....

To just break even, I calculate you need between $1550 and $1850 in monthly rent, depending on what you assume for expenses.

Im assuming the "hud-1 net sheet" is just a hud-1.

I assume rate is annual, e.g., 7%.

All insured non-brokered deposit accounts have been transferred to Nevada State Bank, Las Vegas, NV ("assuming institution") and will be available immediately.