Basically, they want to see how much rent you're getting compared to the expected PITI of what your new mortgage will be...and they all use different formulas to decide how much money they'll cash out to you based on your rental income.So it's not just as simple as giving you 75% of the appraised value of your property.

But the math is totally different in New Zealand from all the books I read.In New Zealand a family home will cost you $500,000 and you can rent it for $500 per week.Loan interest rates are 6%.With this most of the formulas taught in these books do not seem to apply as the rent basically just covers the loan interest.

The 350 we were offering the tenant was $50 more than what the filing fees and eviction process would cost, not including court costs to do all of this.  

Using fencing, I've basically divided it into 2 lots so I can keep my dogs within sight. 

Basically you are selling your contract for $99,000 ($85k + $4k + $10k).

I can look and see which one they missed and they can close it without sending my property manager out.Those are some of the basics but overall, I can't imagine remotely managing a property any other way.

hi Jasmine, are your auctions all online or court house steps?

its mortgage lending basics for these exact scenarios.  

I have put together some basic layout plans from (Mini Storage Outlet).Does anyone have recommendations of any architects that specialize in self storage planning?

It's basically down to the studs except I don't have to take out some of the walls.