I take a look at her papers and she's making less than 1% on this CD.

I have seen commercial leases 3/4 of an inch thick on legal size paper . 

So if your house cost $100,000....Cost...not worth...and the land is worth $10,000, you get to depreciate $90,000 over 27.5 years for a paper expense that you really don't pay of $3272.72/year.  

I have a tablet computer with a touch screen, and currently use inspections that are paper, I was wondering if anyone also had a tablet PC with a program that allowed them to check and make notes using there pc as they walked through the house.

Additionally, I've yet to find a person who can "paper napkin" an investment with a HP12c or HP10B faster than someone with financial modeling experience.

Can you lay out the evidence that is available to support this claim so that we can all be on the same page?

He put ads in the local paper with the rental ads and has had great success.

Well the pipes became blocked.It appears she was using the sinkerator as a document shredder & decided to shred a century of papers & old cardboard she had stored in the basement over the years.

You could get involved with other forms of paper such as seconds, non-performing notes, and tax liens.

Scott who's analysis spreadsheet mine is based off of.The numbers used are entirely based off the pro forma:Asking Price (not offer price): $233,000Down Payment: $58,250 (25%)Improvments: $6,000Closing Costs: $4,500Total Cash Invested: $68,750Total Rent: $3,525Gross Income (less vacancies): $3,232Expenses: $17,804 (50.39%)(includes 11% PM, maintenance at 10% of gross income)NOI $20,985Debt Service: $10,625 ($175,750 mortgage at 4.5% for 30 years)Cash Flow (with PM): $10,360Cash Flow (without PM): $14,627Cash on Cash (with PM): 15.07%.Cash on Cash (without PM): 25.59%Cap Rate (with PM): 9.01%Cap Rate (without PM): 10.84%I'd like to do the management on my first few properties to learn, however my minimum criteria has to work with a PM as I will eventually get one.My conclusion is that on paper this property is quite a good one considering its cash flow, cash on cash, and cap rate - especially when considering this is based off the asking price.I'd love to hear your thoughts.Thank you.Will