Do your homework and give the appraiser info she might not have been able to get on her own.

I want to do my homework before we really do anything.We found some nice condos for about $85.000 that would really fit our needs. 3 bedrooms, close to the beach, community pool.If we would put 6% down, the monthly est. mortgage would be roughly $360.

I just did some bar napkin math to compare the Conventional vs FHA options assuming a 30 year term and purchase price of $500k:Conventional Mortgage:Purchase Price $500,000 Down Percent25%Down Payment $125,000 Rate5.5%Mortgage Balance $375,000 Payment/Month $2,150 Interest Portion of Payment $1,719 FHAPurchase Price $500,000 Down Percent3.25%Down Payment $16,250 Rate5.00%Mortgage Balance $483,750 Payment/Month $2,622 Interest Portion of Payment $2,016 The FHA rate will cost ~$300/month extra in interest.

My quick math would be gross of 35,040, NOI would be 17,520.

Ask about potential deals, negotiations, repairs, math, whatever.

It's math, not emotion, that is dictating your offer.

OK, you're going to force me into doing math.

The only issue that I have is with some of the math.

Originally posted by Steve Babiak:Not to mention that "Income Property" is more like "how to turn your total loser property into less of a loser" ...Most shows cut corners on the math but Income Property is the absolute worth.

Doing the math brings me to the thought I made 300 an hour working on this project in my estimation.