Any excess spending on an already 'rent ready' rental vs. buying another rental may be affected by whether or not is makes $en$e -- effect on incremental CF.

It is not as simple as saying 115 sf because you have waste, cuts, and other things that can impact the quantity. 

Mentions he lost another $800.00 on the wasted auction and has a 45 day hold from the auction company on the property.Now this guy is laid off from work and off the property, but seemed very interested in a cash offer below market value instead of listing with an agent.Neighborhood would be at least a B with most of the houses higher in value in the immediate area.This would be more of a whole-tail  as it is just personalized with paint and some decor, limited rehab.How can I verify my numbers with this guy before my 45 days are up?

Just know the that your choices can both have positive and negative effects.

Wine World Estates  number one label was Beringer and then another 30 or so labels.. right around latter part of 07 when I was spending the winter in La quinta he has an estate there.. we were at dinner one night and I said hey how is this down turn in the economy going to affect wine sales.. he said no worries... well that was not true.. folks just kept buyer cheaper wine.. so that about 2010 the top seller was 2 buck chuck.So in my mind folks that rent in the C B class they may drink wine but I don't thing they buy it and store it.. they buy and drink... so in my mind waste of money. 

You can read 100 different books but if after reading those books, 100 things haven't changed in your life then you just wasted $15+ on a book.

This does not factor in monthly servicing fees (which would reduce your effective P&I payment), or one-time fees related to for the purchase itself, loan boarding , etc. 

@Karlyn Brasselmon  takes some knowledge and skill.. you need to acquire both of those.. asking these very rudimentary questions on BP seems to indicate you need to bone up before you blow a bunch of money and waste your good leads

I wasted hours driving back and forth to that property, meeting with contractors, utilities companies, potential buyers, etc...

I like the medium because it gives a larger field of view but has less of the fish eye effect.