Purchase price:  $33,830.86Acquisition costs (taxes, insurance, inspections, title fees, etc):  $4282.57Holding costs:  $2194.18Rehab costs:  $54,404.23Total invested:  $94,711.84Sales price:  $129,900.00Buyer subsidy:  $7665.03Sellers closing cost:  $8151.95  Total return:  $114,083.02  (plus $1795.86 commission return because I'm licensed)Profit:  $19,371.18 ($21,113.04 if you count the commission return)Not too bad for our first time, and the knowledge we have gained and contacts we have made are worth their weight in gold :)

Can anyone shed some light on this?

Each of the characteristics is assigned a weight based on how strong a predictor it is.

The effect is that you have a lot of weight (maybe a couple tons) effectively sitting in the middle of the floor.

Hopefully someone can shed some light from experience.I'm in Rhode Island and going to do a 1031 exchange and my accountant needs to obtain a letter of good standing from my state.

There are a bunch of other things, like fences and sheds.

Cleaned up the landscaping a bit, painted, I put new shingles on my shed out back which I got for cheap at habitat for humanity. 

Long term leases generally will use weighted averages of cost of capital. 

We discovered that most of the old cedar & roofing debris was left in the attic & the weight was starting to collapse one of the ceilings.

Ever have a teenager with a set of weights and drop the bar on tile?