I'm glad you appreciate all the free information we provide . . . the goal of BP is to allow our members to always have access to a comprehensive library of info free of charge.

Since my property does fall well within the 50% rule, I probably will not have a loss...although the assessed value is pretty high, my cash flow will be pretty high as well.

We offer comprehensive virtual assistance, from short sale processing through property proformas.

Will he be able to assess the ARV?

$3,000 / month in rental income (6 x $500)less 50% for expenses = $1,500 / month$180,000 purchase price$ 25,000 renostotal investment of $205,000205,000 @ 7% & 30 years = $1350 / month+$150 / month* worst house on a good street (properties on both sides assessed at over $300k)* could tighten management of property to reduce expenses to less than 50%Thoughts?

Do It Yourself Comprehensive resource for do-it-yourselfers with articles, forums, and tons more.

It's a tool which Identifies properties with the most value, establishes the right price range to pay, projects long-term cash flow and appreciation & assesses how to maximize after-tax returns.

It was assessed at 253K.

If you Google "investment analysis filetype:xls" you'll get a boat load of free spreadsheets, many of which are useful tools.If you're asking the question, you haven't been at this anywhere near as long as the guys that do their figuring with a financial calculator and a paper napkin.There's a lot to be learned looking at a comprehensive set of spreadsheets prepared by someone who knows their stuff.

Careful of HOA:1) High monthly dues usually kill your chance of cashflowing the property2) Check balance sheet of HOA carefully to make sure they are in good financial standing - many places are increasing dues and/or applying costly special assessments to make up for delinquent neighbors