Could you guys recommend some free software that determines the commercial property MAO based on the rents, expences and minimum profit? I can do it by hand, but it takes loooong...
Spreadsheet or Web-based applicati...

If you can't start from scratch and have good rapport with the community you are working with you don't have a chance.

So since you are familiar with short sales, you know how to fill out their balance sheet and see if they have a chance to save it by their positive cashflow....correct?...

So are you interests just this property or further in RE.You mention it needs 50k of work, but is that your estimate?

If a seller likes you, the chances of your offer getting accepted at a lower price increase significantly.8.

But the good news you have more chance of earning something right now.

It looks like there is a good chance my end buyer may not come through with financing for some reason.In my assignment contract it says" Closing is to occur on or before August 7th."

However, it has been empty for 10 months, and we reduced the rent to $795 for a 3/2 1200SF duplex home (from the original $1126 estimation), still nobody willing to rent.

If the buyer stops paying in a wrap, the seller finds out right away and has a chance to deal with it.

I read it on this forum, sorry I don't remember who posted it -Never feel sorry for your tenants, because they will never feel sorry for you.I saw this in action when I was a tenant in a multi-family house and watched my landlord give another tenant chance after chance to catch up on the rent.