That is the gravy that comes from smart investing, and should not be calculated into the ROI.3.

It can make a huge difference in the performance of your property and how accurate your expense calculations turn out in the end.

Sorry, I don't believe you -- I'd bet that you're either making up numbers or don't understand how your business is taxed.

However, even if they were taken by an OO buyer I still made offers on them anyway betting that some of them wouldn't close and FNMA would come back to me as a back up offer.

But this is probably your best bet for creating a workable list.

Loan: 132k( purchase price plus rehabb costs, I need this 100% financed)Cost of Money: 10k for 6 monthsClosing Costs: 5kDown Payment: 14kTotal Investment161k Potential Profit 30-45kMy questions are;What am I on interns of my calculations?

Karen will come back, they do developments and I'll bet the paid thier dues over time to get where they are....to this point.I'd say work with one, not many write books on the subject that take in all kinds of developments in various parts of the country.Spend 10 years at it and you could be pulling down some great money for another 20 years, may be longer!

Here are the budget breakdowns on both houses to give you an idea of what I spent here in Atlanta (and you can look at the pictures to get an idea of the size/condition of the house):http://www.123flip.com/house-19-budget-recaphttp://www.123flip.com/house-35-budget-recapPersonally, I think all these flood houses are a great opportunity for investors who aren't scared to jump and take some calculated risks.

And this is not including rehab expenses.Am I calculating everything correct?

All I can say from my experience buying lots of CA houses is that purchase price is not FMV per the assessor and I've been re-assessed higher amounts many times.I'll be honest and say I don't know how Prop 60 calculates "equal or lesser value" on your current residence when allowing you to keep your reassessment amount.