Detailed monthly cash flow statements in spreadsheet form populated with actual dollar amounts (certainly ok to redact address, etc)Annual Property Operating Data in spreadsheet form populated with actual dollar amounts (again, certainly ok to redact address, etc)Unlike normal rental properties where the rent is consistent throughout the year, these rents swing wildly from peak season to off season, so I want to make sure I am modeling the cash flows correctly.Sincerely,- Rick

I'm a young professional that owns and operates a successful insurance business, but I have not had any luck with any of the local "big dogs" in real estate willing to take a moment to share with me their thoughts on wholesaling.

@Tiger M.There is definitely equity in the property - say $30k min.There will be a mortgage inside the contract and I haven't moved forward with these guys yet so I don't have the documents to answer specific questions regarding acceleration clauses. 1st position of course, owner occupied, and in the Midwest.I'm going back to MN to visit family and plan on checking out his operation.

The Lease needs to be clear in its definition of what you are trying to accomplish here which is that the Tenant pays for all of the operating and maintenance expenses of the property.In addition be sure to include an understanding of who pays for major capital replacements (not just maintenance) such as replacement of the heating and air-conditioning units, water and sewer lines, electrical mains, roofs, glass, etc.

Is that the annual revenue from the hotel operation?

I did some digging, called the broker who claims to have done 1000's of loans and operates a legitimate business.

I just wish I could write off my gambling loses when I go down to vegas, but the CPA says that won't work.  

Every month ask your PM when you get your operating statement what the charges are, and why the items are breaking and continuing to be replaced.  

I agree with the experience requirement though, perhaps a number of hours working as such and such for a company that operates such and such.

Bob -- Sorry, I didn't see your request for the calculation, but here is how it is calculated:Capitalization Rate = Net Operating Income / Purchase PriceNOI = Total Operating Income - Total Operating ExpensesPurchase Price = The price paid by the investor for said property.You can see the exact breakdown and each line item by clicking on the Orange Button under the thumbnail photos.Please note that these cap rates are calculated using the property's income and expenses to derive its 1st year financial performance.