I will up date when I have some more accurate rehab figures.Thanks for the advice,Dan Dietz

This may not be accurate for HELOCs though…not sure about that.

You certainly wouldn't want to risk chasing them away with a low-ball offer.If you can design the web page to accurately determine the nature of the motivated seller, you may be onto something big.

David Beard's explanation above is 100% accurate.

Loc,Any transaction where an agent had a dual rep. with seller and me, the bank approved the list price and my offer was for full list pirce (or more accurately, what was going to be the list price.

(This all is dependent on the numbers provided being accurate)

I thought too with the taxes at 3200 I am going to email the lady back because I didn't think that was accurate.

It explains perfectly how one (or many) can become confused with "improper" terms.I used "total" expenses as a substitute for "operating" and yet, neither is accurate as you helped point out.

@Jeff S: "investment property specialist" is more accurately "a guy I work with who is really good at finding investment properties but doesn't have the cash to buy in so instead finds them for investors for a fee."

Cost Basis vs Actual value of home to show more accurate appreciation.2.