New law says: No one can be present (who may try to influence me), while I am evaluating that property.

If you assume OE of about 50% of your total income, then your cash-on-cash return probably drops below 10%, and you need to evaluate further.So, my big question to you would be, "Where is the extra $4K in income coming from, and will it generate higher expenses as well?"

Along the way, we'll be evaluating other options as we learn more, and adjusting the plan accordingly.

Biggest thing that kept us on the sidelines at first was over evaluating an opportunity.

Hope you get things organized and get into somm great investments based on your sound evaluations and not on opinions of others!

Also, the reliability of that value is often challenged, since most of the time each individual home is not evaluated, but neighborhoods are looked at in general.When an appraiser does an appraisal, they use current comparable properties sales data to come up with a value.

Now i've had time to think and evaluate, i'm starting to think it is a waist of time...THE FRONT OF HOUSE DOESN'T LOOK BURNED, THE HOUSE LOOKS LIKE IT CAN BE SAVED O IT IS SCHEDULED TO BE DEMOED IN A COUPLE MONTHS...3 BED 1 BATH SQFT 1,642Anyway got itFOR 7KARV IS 89KREPAIRS AROUND $18-20KSELLER SAID 1 BEDROOM WAS BURNEDEXIT STRATEGY IS TO WHOLESALE TO REHABBER BUYER....THANKS ANYHELP WOULD BE GREAT..

I understand that credit can be evaluated remotely but what about appraisals and inspections?

Guys, I studied this stuff just about 18 months back as part of evaluating an oil investment.

The applicant I was evaluating was not the same person who had the eviction (lots of back and forth to that landlord to be certain about this).I ended up accepting all of the above applicants, and had no troubles with evictions (although one did occasionally pay late but also paid late fee when that happened).Sometimes you rely on things other than the reports when making such decisions...