So, for an all cash purchase, your forumla is almost accurate.

I've answered this question dozens of times on this and other forums, but have never been able to sum it up this concisely and accurately...Well put...

In fact, banks are more likely to sue for a deficiency judgement because the former home owner has already filed BK and can't get out of payments.Is this accurate?

50% is for EVERYTHING, including:-Vacancy if run properly-Capex-Repairs-Make-readys-Utilities-Etc.Note that varying policies to "all bills paid" or other gimmicks will influence the rents you can charge, so the end result will be the same. 45% is more accurate then 50% from my experience, but dividing by 2 is easier and more conservative.If you are looking at single-family residences you are either going to have to:1.

If you are a military contractor how do you bid building something completely unique accurately?

Tax appraisal is $124,000Listing: $90,000 (short sell listing price by bank)Purchase price: 84,000 (I believe I can get it for this price)Down: 20%Finance: $67,200Rate: 5.1 (30 year)Closing cost: $5,000Total cash outlay: $23,800Monthly rent: $1,100 (Real estate agent tells me that this is very accurate)Monthly P&I: $366Monthly Hazzard Insurance: 1000/12 = $83.34Monthly RE taxes: 3400/12 = 283.34Estimated monthly Maintenance & Repair: $50Estimated monthly misc. cost: $50 (such as vacancy)Total monthly cost: $832.60My monthly positive cash flow is $267.

Blending the good with the bad makes younger, less experienced investors down a path of believing that all of the information is accurate.

Good idea, I'll ask that question.It's a pity though, it seems the only accurate source of information left is the credit report.

Fees "paid by someone else" are not entirely accurate as you are dealing with a certain "negotiated" spread and net to the bank, so the amount of fee does matter.

Btw, there's another risk if the deed doesn't accurately represent the contract.