This may be old news, not sure if it's a black friday thing, but I was browsing Google Play Books (yes, at 7am), and found summaries of The Millionaire Next Door, E-Myth Revisited, and similar books for free.

I agree with the prior threads and your conclusion to pass on this file.Just like there are professional deadbeat tenants, there exists, sadly, people who excel at borrowing with little or no intention of repaying a debt or settling up.While I might be willing to play brinkmanship games with an amateur, I've got a basic rule of investing that says 'don't play the other man's game.'

Depending on how "ugly" the exterior color is you might need to do that to get people in the door to see what sounded like an otherwise nice rental house.Adding a finished basement with another BR and a Bath is a good value play but I also assume the rent goes up a bit as does that houses value so you need to decide if it is worth it.The rent is a little lower than you saw before so that is a factor.

Thanks for the help, I'll keep playing around with it.

I also want to play more golf than I did this year.

So, for an owner occupany play, set yourself up in case you have to stay put for 10 years.

Again, it's a "win-win", I am just trying to play devils advocate here.

But for me its okay cash flow and one hell of an appreciation play and a great way to leverage an amazing loan at the only time I really could.Okay, so this is super long winded and more of me talking about myself which isn't a thing I enjoy doing BUT its an example of not just reviewing formulas.

This could be very borrower specific and many factors will play in.

If the bank insists on a certain net, then the only "slack" there is to play with is either a reduction of commission or an increase in the sale price which comes back to the buyer to say yes or no.