If the property isn't reflected on your income taxes than 75% of the lease agreements or projected income are used.

Commercial, (small deals can be accomplished on a HUD-1) are closed with a Real Estate Transaction Statement, while it is not required to follow a set standard, it is required to reflect the accountings of the transaction.

Credit reports only reflect payment history on borrowed money, not monthly bills like rent, utilities, car insurance, etc..But even though it doesn't report and affect your score, the payment history is very valuable.

The $570/mo is definitely the best case scenario and doesn't reflect the reality of vacancies, repairs, etc.

Thanks for your insights, Peter.Josh, I’ve laughed at it too when you’d reflected it.

These aspects make real estate unique and prices reflect these attributes as well.So long as people desire to live in a well built, functional and desirable home, over time, values will increase.

If a property has a 13% cap rate, it's likely it that will be reflected in the price and if it's a building in good condition, tenants in place, that will be of interest to many investors, which means the seller will not be a distressed seller, IMO.You'r probably looking for a run down motel that can have some clean up, run the ladies off and rent the units out as efficiencies.....or some similar property!

Laws are updated frequently, and this information may not reflect the current law in your state.

Rentalhistory reflecting any unpaid past due rent, damages or fees will result in denial.2.          

Emotional statements like that reflects on the type of landlord making them.