Glad to see someone getting started out at a young age.

Actual Cash Value is simply the value of the property after the physical materials have lost value due to their age (they have depreciated in value). 50 year old wood is worth less than 5 year old wood because it has 45 years less of useful life.

Also, as you are driving around looking for properties drop in on renovations underway in homeowner areas.The key is to find out what each rehabbers is looking for... beyound just the great price.Things like geographic area, certain building styles, number of bedrooms, age, and others, could all be specific criterial of any rehabber.As mentioned above you will find that there will be just a couple real buyers on your list... everyone else will just be foundation kickers.

By class I mean race, religion, sex, marital status, children, and some places age and sexual orientation.

The loan amount is a percentage of the home's value determined by the age of the youngest homeowner.

The property is in an area we work with and the current asking price is comparable to current ARV prices.He and his wife are 78 years old and do not want to hold a long-term mortgage due to their age.

The insurance people were saying any loss would be figured by it's age, which was known, and it's size, model.

There are some other considerations though. ie age and condition of the property etc..

Just want some age old wisdom from all the heavy hitting investors.

Rent doesn't usually associate with square footage...it's more a function of number of beds/baths/common areas, as well as a function of amenities and condition of home.So, start calling FOR RENT signs of houses that are similar to yours in terms of rooms, condition, age, and amenities to get an idea of what others are asking (keep in mind that they haven't rented at that price, but it's a starting point).As for taxes and insurance, the local taxing authority can tell you the annual property taxes,and an insurance agent can give you an estimate/quote pretty easily.