Doing the math isn't that difficult in terms of return on investment but the biggest question in my mind is...is it worth it?

No 2 years tax returns, months of statements, $700 appraisals, $1200 lenders title insurance, large origination fees or waiting 45 days with fingers crossed.The other advantage is refinancing is much easier on you and the property and if you bought with SF below market value, the value will come into play after 6 months. 

That was their initial approach - to petition the seller for a return of their EMD, but I felt that wasn’t fair as the seller didn’t do anything wrong - the bank and their realtor were at fault.I may not have mentioned this but the HOA provided all needed documentation of renter/owner ratio before the offer was submitted - bank had that paperwork from day 1 but didn’t decline based on it until the day closing was scheduled to occur.

All things being equal I think 6-10% for a quality property in a good sustainable area is a very fair return.

We are also hesitant to put our full return address on the envelops.

If you do this for years then there can be quite a bit of deferred tax.Most investors will then do a last 1031 into something passive that requires no management and simply provides cash through the remainder of their lives with the returns from the deferred tax making up a large % of their retirement income. 

I just got my first returned envelope because of a deceased home owner, which was a little somber but at the same time gratifying because I'm probably targeting the right houses. 

You have to take out all of your expenses, to calculate your return.

If the judge is unsure they damaged the place they will probably just kick them out and not return your money for damages.

Another thing to keep in mind is that the property is in pittsfield so not a booming city such as Boston obviously which is related to why the rents and purchase price is lower.One of my concern is that it is a low cash on cash return I believe for my current situation.