Also, you E & O protection in front of you.

As long as you show the rental income and interest expense on your Schedule E and the IRS gets paid, they aren't worried about your relationship with your bank!

I'am thinking of doing an iformation FREE workshop for 10 people in southern california that whant to learn what is looked at on the appraisal and what redflags will couse problems on any file, I have never done this but lets give a try, e-mail me and will set up a time and date.

The 188 is strange as most appraiser for this area round of by 5K - either 185K or 190K and you said it is a SFR not a condo or PUD, if you want send me e-mail i'll tell you what i see, i'm close to subject.Ed

For NOI you do not factor in debt service.When you are selling debt service will look different for every buyer.You can give an example of debt service when selling to show what returns could be given so much down at XX price.You also have depreciation not included in NOI.NOI is a quick baseline for a potential buyer to look at a property based on a certain return.Having said that the NOI has to be verified with schedule E tax returns and bank deposits.The worse the records kept when you sell the less than can be verified by the buyer and a lower price you will get.The reason is the buyer will then have to price in the risk with a lower offer not being able to verify all the hard data.Is HOA per month??

You need to be familiar with SAFE act, but this depends on what you plan to do with the property.Also, probably best to use an attorney (with experience in seller financing) to draft all the docs & put E & O in front of you on compliance.

Stabilizes/Increases income. e.

The A&E casts were more entertaining.I watched half of it but fell asleep so maybe i missed it but they didnt factor in the holding costs or realtor costs, etc.They showed the purch price of $63K.

How much of an average flipper's or developer's ROE is really return on EFFORT for the E component?

Disregarded entity: Reports on Form Schedule E attached to the personal 1040 pays no self employment tax.