I'll look at see if I have it on my computer after I type this and if I can find it, I'll attach it, but you can Google if it you need to.

I live in central Florida which experienced flooding in areas we've never experienced it before in our memory because of Ian and Nicole. 

Some of my first memories are of helping my grandparents rehab houses they bought at auction.

Great topic- I am fairly new to all of this and had been working from memory each time.

I quickly got bored stuck at a computer all day drawing lines and circles in CAD, not being able to use my creative brain like I imagined I would.

For smaller loans (especially anything under $500k), you will need to deal with a local bank and the terms are generally:Rate 5-7%Down Payment - 20-30%Term: 5 to 10 yearsAmortization Schedule for Computing Mthly Pmt: 20 - 25 yrsThus you have a balloon payment at the maturity date in 5 to 10 yrs, meaning you have to refinance the loan, typically can do with the same bank on a streamlined basis -- no appraisal typically needed and few fees to roll over.

Except of course certain mathematics, engineering, medical professions, high end computer programming programs, etc.I made sure to choose a degree which pays off decently, especially in the more northern areas of the southeast (if that makes sense).

For the record, I am a computer programmer and I know some of the technology out there isn't worth the money people are paying for it. 

Appraisers use a CAP rate generally of 10% as a fair return only to compute the income approach of an appriasal.

For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.