The "value" to be shown to clearly represent an accurate picture of the financial position is what you paid for something and adding in the costs of improving the asset, not what you think you might get if the right person came along, in an open market environmet, with the buyer and seller having equal knowledge of the asset, where both parties dealt in good faith.....etc, etc. etc. fair market falue is nothing more than an opinion until it actually sells.

i get it now bryan..sorry, thought you were going somewhere else with this thread..i didn't realize most bankers consider income from different loan products differently...like i said earlier, my banker considers rental income and debts equally across all loan products

You can't just charge anything you want in some states.The trouble with having a deposit equal to a month's rent is that the tenant will often want to use it as the "last month's rent" instead of it being for a deposit.

I am just saying that all strategies are not going to be equally profitable for all people and someone who is starting out in business should focus on the one thing that works best for him.

I would tear it out and replace with sheetrock if it were in any main living spaces (living room, dining room, bedrooms, etc).But, that said, I'm often told that I do more than necessary, and I have a feeling that if you asked my wife, she'd say that in an $80K house, as long as it was nicer than the competition at an equal or lesser price, just leave it.The question is, based on your competition, will removing the paneling significantly help you sell your property?

I treated them all equally and asked they fill out an application which would be reviewed using the same criteria as everyone else.

Training in contracts also seems crucial, especially as it can take so many offers to get an REO deal.

Net was 10k which equals the same scenario with a lot more headaches/hours/equiptment etc.

If for that market all landlords include utilities even if you meter out individually the tenant will go rent down the street.For a basis on rent levels you look at occupancy levels and similarity to your building.So if all things are equal at 500 per door rent occupancy averages 70%,450 per door 80%,then 400 per door 90%.You want rents based off of the lower number going in.In hard economic times good tenants will stay where the payment is lowest.When hard times come high rent buildings will experience an occupancy dip unless they have great amenities and are newer or there is low supply in the are versus tenant demand.Sometimes even with the higher rent you will have to give first months free or other concessions to move them in or keep them for a lease renewal.So that 500 a month for 6,000 a year now with one month free becomes 5,500 a year or 458.33 month after concessions.

option 1 take x for a down payment and hold a note for 2x at 29% for 2 yearsOption 2Sell an option to buy for $1 for x up front and then lease payments that equal 2x at 29% over 2 yearsWhat other options might I have I paid cash for the property so I can do what ever in terms of titleThanks in advance