If that number is positive its added to your income figure if its negative you have to qualify for it as a monthly obligation similar to a car or min credit card payment via the typical 43-50% debt to income ratio depending on where your reserves/assets/credit are.If you've held the property long enough and filed rental income the schedule E of your tax return (or corporate return) will be used to determine the net income.The formula for net qualifying income once the tax return is filed is made to seem complicated however in essence it is the monthly average net operating income(NOI) based on tax return minus monthly debt service payment.

Keep track of all the buyers who don't bite during the rehab, and contact them again to see the finished product, if no one buys during the rehab.

On average, most of our loans and loans I see go out from other lenders are in the 12-14% and 2-4 point range depending on the term.

Based on MLS comps, other mobile homes in the park have been selling, on average, for around $40k or $45k in the past 6 months.

There was a water line in the garage with a faucet, and i had no idea where the shut off was, It broke while i was at the home show in philly as i was promoting products that detect this kind of problem(ironic i know)..I got the alert on my phone..contacted my wife..she headed back to the house and sure enough..it was spewing out in the garage.

Another factor to always keep in mind: on average, the property management or vacation rental management companies will take 25% to 45% (and sometimes more) of your gross rental income.You may have the option of running your property management yourself, through sites such as VRBO.

Makes driving so much more productive.

I didn't find it particularly useful given the product they had on it, but the software itself was pretty good.

BC assessments says that the average house price in the area fell 4% to an average of 350ish.

While RealEstate Fraudis probably a growth Industry Nation-wide, therecan be no doubt : South Florida has got to bethe #1 " Proving Ground" for New Products and"recycling" of the old when it comes to Fraud!