Larthsa,To figure cash flow, you list all of the monthly expenses, Principal and interest, taxes and insurance, add in any utilities, HOA fees, etc,,,then you need to figure out a fair figure for "reserves', this is a hold back amount for the hot water heater breaking etc,,,then figure in a percentage for vacancy (most will use around 5% if its easy to lease) if your going to have a management company manage, their fees,,then add,,,take the final figure and take it from your monthly rent, and you SHOULD have your cash flow (if I missed anything anyone please chime ini)If you want to figure your "cash on cash" return, figure out how much you will end up in the deal for in cash (deposit, rehab, closing cost paid in cash etc, all expenses you will pay in cash), thats your total "cash" in the deal,,now see what your annual cash flow from the property should be, divide that by the cash you have in the deal, and you should have your cash on cash.You can do this with a simple spreadsheet, it makes it very easy to look at deals, but remember, these numbers are only right IF the estimates you put in are right,,,including the anticipated rent,,too many new investors tend to under estimate expenses and over estimate rent.andy

The "sales" tab on the assessors database shows what they paid for it, which would give an idea on where to start negotiations to purchase it from them, but I don't know how to find out what the previous owner owed before the foreclosure.You could try looking at the sales tab of the property and seeing what the owner paid for the property and when, then figure out the math to get you in the ballpark of the amount the loan they've paid off.

Zillow's z-estimate is $457k.Sellers owe $464k, so according to zillow they are slightly under water.Is this a lease option only deal?

And when it comes to REOs and such, sometimes the number is what they owe.

If you were to do it, the entire account would be considered to be a distribution and you would owe taxes and penalties on the full amount of the account.

I don't know how much you owe on the mortgage.

They send me letters on a weekly basis telling me I can refinance the $310,000 I owe.

I have a goal to replace my wife's income for health reasons with some buy and hold properties in Hershey, Hummelstown, Palmyra and possibly Harrisburg, PA.I own a rental with that I could probably get about 230k for, great renter currently (been there for 4 years) owe about 160k on the place.

That payment includes principal and interest (like a car payment) but also (property) taxes and insurance.

Lost revenue and then there is chasing the home owner for the amount that is still owed on the property which also costs the bank money and from my understanding looks bad on the books.