The next two were log cabins and then the other ranch house, but when that lot crossed the road I narrowed the width so the next lot had the tennis court and large barn on one side of the road and the "A" frame on the river and there was a little dog leg that went behind the barn to the neigbors.Well she ended up keeping a 600 sq ft log cabin, the other twin log cabin was leased to an adminstrator at the university who later purchased it from me .

I could have made a small spread like that on our So Cal house years ago and guess where I am at on that thing now.....

I use a customized spread sheet which allows me to calculate the difference between cost of Short Sale vs Cost of Short Sale... with the average time to foreclose now well over 500 days, the biggest fear of the lender is to tie up the property for a year and a half in default... the SS is best way for getting around the time suck, and government interference...Take advantage of the tension between the servicer and investor...

We can discuss that elsewhere if needed, but I want to keep the scope of this discussion fairly narrow and focus on this particular page.That all said, now that you are aware of the page, do you have any suggestions for improving it?

So here is what I am looking to do.I want to provide information and be able to learn by reinforcement of knowing which property the person closes on and why as a way to "get my feet wet", but be paid based on the number of properties presented meeting certain standards so as to avoid doing anything illgal as I understand.I am thinking my task would be somewhere along the lines of1) Look though all the properties for sale in a particular area online. 2) create a spreadsheet that lists various details such as: "adress of house, city, mortgage payment, estimated value of house, actual listing price, rental estimate, number of square feet, est price per sq ft, and one quick measure of value to narrow down my list would just be a formula that's something like yearly gross income after mortgage payment but before vacancy, insurance, taxes, damage repair and misc operating expenses, etc divded by 10% of the listing price or down payment... and any other information that the investor would like on there that I can reasonably list with ease...3) sort the spreadsheet by some metric that the investor prefers such as the return before non mortgage expenses mentioned previously or price/sq ft or price to the price estimate.4) For all properties that meet certain requirements, such as priced below the estimate price (Zillow.com estimate) by a certain amount, and/or yearly ROI based on 10% down on mortgage, mortgage payment and I could then go into more details and put together documentation which would...a)include # of bed, bath, year built, etc)b) attach any and all photos if availablec) misc information that could be useful.I don't know how to do repair estimates, but if there is some resource on how to learn I would be willing.Would this be something that investors would find useful?

So the investor could work with you on giving up a point or two to help them on their spread.

How do you know when you are good enough to concentrate wealth and be a "serious business man" instead of spreading risk and diversifying non-optimally?

Based on my Excel spread sheet, I'm looking at profit of about $15,000.So my problem is this: My after rehab estimate of $175k was based on the assumption that we would be able to salvage the pool.

I could start spreading the word at our local club.

How did you narrow down your criteria within the list you obtained?