Each of the characteristics is assigned a weight based on how strong a predictor it is.

Once you have the adjusted values of all your comps, you can either average them or weight them based on their similarity and then average them with assigned weights (appraisers generally just average the best three to six comps).

Here is where the model stands currently:Overall Criterion Weighting-Documents Risk Assessment - 30%-Relationship, Ease Of Funding Draws - 15%-Line Quantity - 15%-LTC/Project - 15%-Compensating Balance Requirements - 10%-Term Of Loan/Extension Handling - 10%-Rates - 5%The "documents risk assessment is further broken down into these parts to make up the 30% weighting:Bank Document Risk Assessment-Nervous Lender Clause - 22.5%-Cross-collateralization, cross-default, and/or dragnet clauses - 22.5%-Guarantees - 22.5%-Grace/cure period - 10%-Deposit relationships for security - 10%-Carve-outs for bad boy provisions - 7.5%-Relationship lending - 2.5%-Fire and casualty insurance - 2.5%The bank's risk assessment has yet to be included in the overall scoring, but J Martin gave us these resources to see whether or not the banks are solid:FFIEC Data - https://cdr.ffiec.gov/public/ManageFacsimiles.aspxFeedback here is valuable since scoring the banks is not my area of expertise.  

Purchase price:  $33,830.86Acquisition costs (taxes, insurance, inspections, title fees, etc):  $4282.57Holding costs:  $2194.18Rehab costs:  $54,404.23Total invested:  $94,711.84Sales price:  $129,900.00Buyer subsidy:  $7665.03Sellers closing cost:  $8151.95  Total return:  $114,083.02  (plus $1795.86 commission return because I'm licensed)Profit:  $19,371.18 ($21,113.04 if you count the commission return)Not too bad for our first time, and the knowledge we have gained and contacts we have made are worth their weight in gold :)

The facing trim can be taken off carefully on each side exposing the rope and weights.

No 60, 90 or 120 day lead times here, he's always been able to get it done in under 30.That relationship is worth its weight in gold - I can call him anytime for a rate quote, loan question, pre-approval letter etc.

I hear people here saying "You've got to know your market", and I think this rule holds 10x the weight when it comes to the city of Detroit.

If you turn them into collections, you likely won't see any money, but will feel better knowing you are hurting credit and future housing options; they may pay if they care enough.I'm not well educated on this, but heard landlords in Washington state can't share official deadbeat lists, so don't think your website idea will fly.I'd suggest monitoring the PM better (screening, inpections, nonpayment follow-up), contacting utilities monthly to make sure they are paid up, and accept this as a cost of landlording.

I believe that the US stated inflation numbers weight housing at about 47%.

Basically I will only be involved in buying and monitoring.