If you're like me, then perhaps seeing an example of how to work the numbers will help to add more teeth to all of the other great information already provided in this post.ptcf = NOI-DS = DS(DCR-1) = dp(ROI)cap rate = NOI/pp(where ptcf is the pre-tax cash-flow, DS is the debt-service [or 12 months of mortgage payments], DCR is the debt-coverage ratio [or NOI/DS], dp is the down-payment, NOI is the net operating income, ROI is the return on investment, and pp is the purchase price)NOTE: I'm going to make a few statements using the form A is B, and I'm using is in the mathematical sense--but not equating A and B as terms.First, if one were to purchase a property with all cash, then the following are true: 1) the purchase price is the down-payment, 2) the ptcf is the NOI, and 3) the ROI is the cap rate.

Let's start by moving past your self affirmation to a new and improved statement.

This is what we have done. ...............................................................................Vincent,Is this statement good enough to retract equitable interest?

v=LHFREDHB-nQ I didn't really get the connection between your statement and the clip, but regardless, who care what religion the president believe in or if he believe in any religion at all.

Being a blogger certainly wouldn't qualify as the "pinnacle" but it does fit in nicely with my personal mission statement: "Have fun, be free and create value."

What does matter though is that BoA (either in late May or early June) issued a statement indicating that it (and other banks) were accepting short pay offs of 5%.

This is simply a blanket statement which cannot be further from the truth.

I would suggest contacting the listing agent selling the property and getting the rent rolls for the past year(at least), as well as the balance sheet and the income statements for the past 3 years (if possible).

Is that an accurate statement?

At that point you are doing a wrap around mortgage, which if you are comfortable with the numbers on the deal that might be a good idea for you.Your statement that its in a war zone concerns me.