I have a friend who has ten rentals and he told me he figures 10% of gross rents for repairs and that has worked fine.I am going higher than that, that should work since all og the mechanicals, and roof or not very old.

Go figure.

I can't figure out from your posts or the Berkeley University link in your sig line. ;-)You need to see "American Carol".

You'll have to double close.Very difficult to get conventional financing with a double close because the end lender will figure out you (the seller) don't actually own the home.

That would be like watching politics on 24 hour news channels and expecting to figure out what is really going on.

& in the future may not want to deal with you knowing that if they hold out a moment longer the person that you are dealing with will figure out they can deal with the bank directly.

I was simply talking about a software were you can input some figures and it will do the rest (I know how to use the calucator) thank everyone for there input.

So far I am quite happy, It is easy to use, yes the customer service is not immediate but I usually figure out the answer before they get back to me anyway.

It was raining the day I left and figured it still is raining.

Also, since this market is still going down, when figuring future value of a home, instead of adding a certain % of appreciation to the house, have you been depreciating the house based on local market conditions?