I think traditional flipping and wholesaling is dead...but people just have to adjust. 

The next wave of growth is coming, it's a solid market for many reasons - geographic location, climate, diverse employment base (ever expanding), higher education, no state sales tax, hospitality, cultural, entertainment, ...

Adjusted for closing costs and major improvements, but still pretty significant.In addition, you should have taken depreciation on the $70k property for 6 years and now need to return ("recapture") the tax benefits of this depreciation.

It can actually be better for the sellers when the buyer asks tons of questions upfront so when you actually go under contract there are only minor adjustments on price or credits which is to be expected.

I am in attorney review for one of those homes.It is incredibly tough with todays market climate, but you just have to be patient and be willing to wait.

You may have to adjust it slightly depending on the situation... a 3 bed 2 bath single family will probably rent for a little bit more than a 3 bed 2 bath side of a duplex, but it’s definitely close enough to run basic numbers and decide whether it’s worth investigating further.

. - Noon) and have been making adjustments and revising my "scripts" accordingly.  

I will adjust my calculations.Management will be closer to 10%.

Also, make sure you are adjusting the property taxes to 80-90% of the purchase price because the banks will do this in their underwriting.

I'd like to be able to put in amortization schedule (term), rate, down payment, monthly payment adjusted to a fixed point, and get proper accruals of principal and interest by month and year.