I take the ARV and multiply it by .94(this covers closing costs, commissions, and a little bit extra) then subtract your rehab costs and holding costs, and profit, and you have a more competitive offer.

Maybe you can upload a pic of yourself, it helps give it a more personal feel.

Or is there a way to rent it out to a more lucrative business now that I have found there is a bathroom down there?

Typically you don't count your own labor cost as an 'expense' - but rather the end result of the calculation (IE: currently ~ -19/hr.)Had that been something like +10k net for 180 hrs you'd be at a more respectable 55/hr.It makes more sense than trying to do it like you're doing contract work and giving yourself an hourly salary estimate. :)That kinda changes if you hire people/partners/expand, depending on how you want to structure your positions (though its always cheapest to pay yourself as much distribution as possible rather than salary due to taxes... in the US anyway).

DS)=95.48Im not really looking to purchase this property but Im curious if Ive got the right idea in crunching the #'s and on how close people typically come with their 50% rule # and a more detailed Cash Flow(as above).

My thinking says testing is best saved for a more mature business where volume is very high.

Over and over again they are telling me that they enjoyed the gains of the past few years in the stock market but see it long term as volatile and want to cash out the gains and put into something with a more reliable income stream where they know what they are getting.

So now you guys have a more clear picture here...

So rather than assume people understand, we are now taking a more educational approach to each investor and on each property we sell.Marquis has been doing a fine business since 2009, but boy have we had to learn some lessons.

I am not fond of the stone and want to do a more updated stone/tile with more contrasting colors, this one seems very dull to me.