Yes it is a different tool but you are exposed to the same risks with a lease option.

They told me about a trust and other crap with no interest payment if I remember correctly.

If I recall correctly you are required to use a longer depreciation method (ADS depreciation) for foreign property.Hope this helps.

Check out the Real Estate Tools section and links on the left side of the BiggerPockets home page.

Anyway, the correct way if your valuing by the income approach is to take the total yearly gross income, subtract all of the expenses except debt service (principal and interest payments).

I do not know how to do this, or if that advice is even correct.

I agree that most people use the tapes, books, etc. as dust collectors which is the main reason they are not successful, although most of the guru products are tools to upsale you on the next "bootcamp".My partner actually got started in RE by buying the Carlton Sheets program and he became one of his "success stories".

Correct, investors do this all the time.

Is that a correct way to phrase the question?

If you look to the left under Popular Links, you will see Property Analysis Tool.