I've been in the construction industry for 30 years, and I've seen models like this work.

I would like to purchase 2 properties a year and wanted to build a proforma to estimate cashflows for 5 years in my business plan and then build a property specific model for properties I want to look at in more detail.

Some of the newer models provide heating efficiency down to 0F, which has finally made them palatable in our environment.

The more reading and the more research I do about Notes, the more I'm positive that it is the best investment model for me.

If one was to put 3.5%-5% on primary residence and use the rest of savings to qualify for 20% on a rental how do you factor in the additional PMI payments into the model?

It looks like you have a great model going.

I'm told this is because Ohio funds their schools through property taxes, where as Colorado does not.When I'm looking at a property that cash flows $200 to $300 per month, an extra $100 in property tax per month just kills the model.

Model your deal at the highest interest rate to see if it still makes sense.You also need a defined exist strategy: i.e. if the vendor interest rate is good and the vendor is open to a longer term carry, then perhaps you stick with that arrangement.

Going forward I will pay more attention to different possibilities of neighborhood boundaries and model different outcomes of appraisals based on that.

The tailers are all late 60's early 70s models.