Aside from understanding how to build the buildings and how much they cost, you'll need to know how to understand how to analyze deals at a higher level to see if they make sense - what are the rents/sales you expect to achieve, what are your financing costs, what's the timeline....I would strongly suggest taking real estate and/or corporate finance classes as well - preferably as a minor if you're able to.  

And yes, those rates are critical when I analyze a property because they tell me whether I'm going to expect cash flow or not. 

My question is should I use all the money that I can get pre-approved for or use a formula using expected cashflow along with my income to determine what my buying limit should be?

I set the expectation with my client at the buyers consultation and so far I've never had a problem. 

We are noticing an uptick, will slow down Derby week and then I expect it to be crazy again. 

If owner does redeem before then, you can expect to receive the past due taxes from May 2018 plus 12% annum interest."

That is not to say that it is good to make costly mistakes, though without expectations, follow through, and the data, most of the talk is just conjecture.

The lender told me for about a sal price of $360k, expect closing costs to be around $17k.Does anyone know about typical closing costs in the Suffolk Long Island area?

You can get in now and expect appreciation to happen pretty quickly.

They won’t be expecting the same money as their neighbors with the shiny new kitchen and fresh paint.