To calculate P&I use Excel (or some such) or a financial calculator.

You guys gave me some excellent advice on a problem tenant that I acted on and am way better off for it.

Also, for many individuals, excel is not a "complex computer program".

Just click through on the URL in the signature to see pics and numbers.Tom, excellent job on the rehab, the profit, and your blog.

Jim is right, this is an excellent deal provided it doesn't require a big rehab.Mike

thanks for all the input guys, i agree this deal isn't the best, i'm just not sure how to go about leveraging the large amount of cash i have to get the best return...i liked this deal because i am interested in owner financing, however i am a "first time buyer" with an excellent credit score and a decent salary at my day job...im in finance right now but going back and getting my MAcct and hope to become a cpa...but i'm young and i am looking for a rather easy first investment...if thats possible...i want to capitalize on the first time home buyers tax rebate as well...i've been looking into tri's and quads...too many options...need guidance :)

Low fees and excellent rate.

If any number is below that a big angry red cell pops up on the excel chart and the property is a no go or the price needs to change.So the conclusion for this property is that it would have to be acquired at $205,000 for it to meet my criteria.

Excellent Jason!

We almost got turned down for our mortgage (despite an overall EXCELLENT DTI ratio, and credit), and I DID get turned down for financing on some expensive dental work I needed (I wish we got paid for as much of our work as you guys seem to...).