This will back-up the spidy sense that something is not quite level in the numbers provided  to you.In the end, you can only make an offer based upon the current performance of the business and not any future potential (if you will be the one doing the work to realise future potential, you do not want to pay the Vendor for your efforts).  

[Note: that by cost effective I do not imply simply cheap, but value for the money]You should also realise that project management is a tough business, with tight margins, this is where Rachel's advise comes to play.

In many cases you can realise the same profit margins in a much shorter time with less work and risk with a quicker cosmetic flip.Try to cut your rehab and holding costs in half, get in and out in 1/4 the time.

Yes most Kiwis don't realise how lucky we are!

Thanks again, I had no choice as I didn't want to leave the auction room empty handed when I realised everything I came to bid on was gone I had to bid on something!

Once you figure that then you know what the actual cash flow from the property is compared to the cash flow generated solely by your cash (which could be invested else where for a greater return).Doubtful most investors have the cash flow they believe when they realise they have forgotten to attribute any return to the equity in the property.

So the more I look at these local sales the more I realise we must move to the US fast.I do have a question to the forum members but could not find where to post it.

If you let her keep the dog you will need to write a new lease and remove the no pet language.Many landlords do not realise that when they put something in a lease and a tenant violates the lease the attitude that "they are a good tenant and it costs to replace" is insane.

Not a lot of return realised in this scenario ,  I have seen this repeated over and over during the past 15+ years. 

While I don’t expect it to answer all of my (international) questions it will probably invoke 5 more that I didn’t realise I had.