I analyze properties based on cap rate and cash-on-cash return, have you considered those tools? 

I use the P&I payments on the upb to calculate my annualized return on a reperforming note, but I use the estimated payoff to calculate my overall net profit should the loan payoff early or go to foreclosure. 

Also, since my cash on cash return is not stellar, should I just pick my percentage of return and just work backwards to figure out my max offer?

Obviously for someone that invests in RE all the time, a 10% return on a 90% LTV loan will not be enough juice for them.

I figure that since the Chinese are getting rich off of us, we can at least get rich off of them in return.

And first name is not RAM as in Random Access Memory it should be pronounced rAAm. ;-)Cheers!

That is based on recent events as well as past.SO, if the all bids go from the recipiants hands to another board member who copies them and returns them the next day, do they invalidate them as "sealed bids", can any onf the companies logically come back on us and cause problems because of that?

So your cash on cash return is 1.04%.

Well you are into the property for $40,000 (I don't understand the travel and food part)Rent per year $6,300less 7% vacancy - 441 tax & Ins. 1100repairs 500Management 630turnover cost 300reserves 1000total 2329Total NET income ($2329) divided by amount invested ($40,000) = 5.8% return on investment.

It couldn't have been on the settlement statement because 30K back to the buyer on anything other than a purchase/rehab loan is a price reduction which woud require a return to an underwriter and without a doubt that loan amount would be substantially reduced to remove that "kick Back".