I've got some excel spread sheets you're more than welcome to use for buy and hold and buy and rent options...just email me at [email protected]

I have managed to negotiate an great price on a piece of property that has excellent Development Opportunities. 

+PGI-Vacancy=EGIOperating Expenses:-Insurance-RE Taxes-Prperty Management-Utilities-Other Operating expenseNOI = EGI - Operating ExpensesMortgage Payments:-Principal-InterestCF after Debt ServiceCapEx-Capital ExpendituresCF after CapEx-Purchase/+Sale+Financing/-Paydown of remaining balance upon saleNet Cash FlowCalculate your returns off of Net Cash flow.Returns:Levered CoC: Year X CF/Equity InvestedROI: Equity Invested/Total CF Distributions, including saleIRR: Use excel function to calculate (=IRR(equityinvested, Year 1 CF, Year 2 CF, etc.)Compare return metrics to other investment opportunities and pursue accordingly. 

We own several rental properties with excellent ROI.

The cash flow has been excellent and although i've had some horrid tenants  - the bulk of them are just good people that live simple lives.   

Excellent info, thanks! 

I just wish I had a big canvas like that.

One of the applicants was an elementary school teacher,  looked very nice, and told us upfront that she has excellent credit score.

Martin's excellent real estate summit and discovered notes and lending.

@Grant Greene, Excellent advice sir, as it concurs with Brandon Turner's frequent mentioning of just that.