Market value assumptions would sensitize your calculation You can also play around and model different recap scenariosFYI you should be calculating RE asset returns on a pre-tax basis.

For my clients, I customize each pre-qual for the offer so they aren't showing their hand to every party in an offer.What kinds of questions and/or loan program depends on what you are doing...i.e. renovation, fix and flip, etc What are you planning to do?

Yeah, so considering that I think (if my assumptions are right) that you then end up somewhere around 4.9% Net return before Maintenance and Management Expenses (Even if you don't actually pay this, your time is worth something). 

Am I totally off base with my assumptions or is this there something to this line of thinking?

I now provide custom blinds and forbid them to be altered, after explaining to a young couple why beach towels, sheets and a tie-die flag with a marijuana leave in the center were not appropriate window treatments.  

However this would be speculating and if you are wrong in your assumptions, you are left with a cheap property in a rural, perhaps declining, community.Most of the "deals" we have been purchasing in the past 2-3 years have a rental yield of 1-1.5% of acquisition costs and the curve has been moving closer to the 1% lately.  

I've been trying to  weigh out the pros and cons of getting my Real Estate License as well.Con: I realize the intense level of customer service requires that you make yourself available at ridiculous hours to appease overly caffeinated clients. 

Certainly there are often unknowns associated with construction projects like this, so I wouldn't want to count on that timeline holding.If you've seen enough of the restaurants' recent financials to confirm that they've continued to do well in the past year or so (after the "Stonefield effect" would have fully kicked in) then presumably they're not heavily dependent on the popular-movie-going crowd from the wider area for their customer base, so there's probably nothing to worry about from the above project, and in fact, it should only help, eventually. 

It didn't have much to do with real estate of course, but I learned a ton about customer service and how to elevate the customer experience.  

I've seen some state specific forms online for around $75....I'm tempted to get those, customize for my situation, and then have a lawyer review.