Once you find the property corners, try to get a good measurement between the corners and see if they are very close to what is on the plat.

If it’s important to you, your time investment per loan will likely be measured in a handful of hours; like much less than 10.

You should be able to find some type of meter that would measure at least the electricity being fed to the "accessory structure", which would take away any questions of who is using what.

(Loan less points+fees)California, not to be outdone, passed Financial Code 4970, where if your apr is more than 8% above comparable treasuries on either 1sts or junior liens, and the points and fees exceed 6% of the net loan amount, as defined above, you're covered, and subject to the more stringent requirements and limitations.Anybody still awake?

And 36 Other Key Financial Measures" http://amzn.to/Zv0Zph (on Amazon) to understand how to measure and analyze the financial performance and returns of an income producing property.

Mostly to test the market since this is a new area, but I am willing to rent it out.I have had more interest than expected from the rental marketing, and I have 1 person very serious about renting it.I threw the property up at a higher rent then I would normally ask, again testing the market and not overly concerned if I actually rented it.So now my realtor called me back saying there is a very strong offer coming in buy a buyer, and I have a very serious renter interested.Here are the cash flow detailsIf I sell the property, I will net $17.5k on a sale price of $102k with me paying $3k towards their closing cost.If I rent the property @ $950 I will have a monthly cash flow of $380, and I will leave $5k of my own money in the deal when I get the property mortgaged (I have no mtg at this time)So this got me thinking, what kind of metrics can we use to measure if a property is better to buy and hold vs. flip ?

Go slow always take measurements to make sure your straight and squareAlso get some quality knee pads and enjoy!

I'm also interested to see how you measure it.

Get out and look at what your competition is doing as this will be a great measuring stick!

*all cash's new rule of thumb for estimating job times-take the amount of time YOU THINK it will take to (your choice-sheetrock an entire house, re-roof, replace a bunch of copper pipe) do a job, THEN DOUBLE THAT NUMBER, so if you think 15 hours, change it to 30, then change it to the next highest measure of time, so CHANGE THE HOURS TO DAYS.