That would impact the overall headache-factor by ensuring you get good tenants who won't trash the place.

Assuming your rent assumptions are accurate, assuming there is no major differed maintenance issues, and assuming there is nothing out of the ordinary that would impact your NOI (such that your expenses were much more than 50%), this deal sounds great from a purely financial perspective.Obviously, there are other considerations (location, management, etc), but again, just looking at the numbers, it looks good on paper.

A guy just prints a business card and he's in business.Places like NACHI, NAHI, ect. are all just blood money...

If we do see a default - even a short term one - it will likely lead to higher interest rates, which could negatively impact the fiscal position of the government and hurt the economy.

This made somewhat of a visual impact that draws the viewer to that highlight, and it reduces the likelihood of that post being skimmed over.

I'm thinking 10% may not be enough to cover transactional funding costs for double closing and giving me enough negotiating ability.This is on the deed so it would potentially impact the rehab as well.

Just wanted to give my fellow investors some words of inspiration as given to to me by a seasoned Investor years ago, who told mt to "Buy when there's blood in the streets" (I think this current market fits the bill), and to "control money from the grave" (estate planning).I AM REAL ESTATEI am the basis of all wealth, the heritage of the wise, the thrifty and prudent.

If it is possible to cancel the deal, are there any consequences like losing money paid during auction, impact to credit history etc ?

To determine what you can get a property to appraise for (when selling).While the square footage method (and adjusting the comps based on their differential square footage) might be reasonable for determining what a property will appraise for, the fact that there are a different number of bedrooms could have a much more significant impact on the resale price.To determine ARV for the purposes of estimating resale value, you really need to find a couple more houses that are similar in terms of number of bedrooms (and obviously make sure things like condition, style and age are still comparable).

You know, California has the most earth quakes and also has the highest unemployment...why can't we assume that the number of earth quakes impacts the unemployment level?