Yes, I would agree that - if you're referring to cost basis (such as is used in capital gains calculations) - that the amount would include the cost of the assignment fee (since I believe this falls under "purchase costs").

If its handyman or project management, rehabbing may be your best bet.

A Duplex that rents for a total 1700 / monthA Fourplex with rents that total 3950 /monthThe duplex, I'm thinking of offering 215k bank wants minimum 235kFourplex I was thinking of offering 400k Banks wants 465k At these prices my calculations don't seem to cover the 50% rule.

Being so new I would the more experienced opinion of the wiser BiggerPockets community.Here is my dilemma:I live in Northern California where house prices have hardly dropped and my community has currently 1 house below the $400,000 price.We are near a University and the rental market is always busy.I'm currently looking at two houses.A Duplex that rents for a total 1700 / monthA Fourplex with rents that total 3950 /monthThe duplex, I'm thinking of offering 215k bank wants minimum 235kFourplex I was thinking of offering 400k Banks wants 465kAt these prices my calculations don't seem to cover the 50% rule.I'm doing FHA or Conventional with only %5 down.Doing my calculations, at the prices they are asking I don't even get a Cap Rate of 6% or the 1% rule.What do you guys think?

Due to my calculations he is paying an extra $60 a month for the irrigation the most, and being in South Florida there is hardly a need for watering in the summer.

I have done this many times and in addition to the reasons he mentioned, offering an a,out that is not a perfect even number gives the illusion that intense and specific financial calculations were used to arrive at a max offer.

-Calculating expenses (I read an article about being able to calculate them on a napkin to estimate positive or negative cash flow), but I do not know where to find these numbers, including HOA costs, utilities and whatnot, mortgage, vacancies, etc.

-Calculating expenses (I read an article about being able to calculate them on a napkin to estimate positive or negative cash flow), but I do not know where to find these numbers, including HOA costs, utilities and whatnot, mortgage, vacancies, etc.

I bet a good place to start for your local relationships would be your local rei group.

After taxes and insurance I will need to calculate my NOI.