However, the value continues to slide and with the building repairs coming due I will be fleshing out double what I'm theoretically making in equity.   

I am just starting out and  wanted to use excel to analyze investment properties. 

We only have a house or two, we say.And just because we got away with not having a professional layout when we got the mortgage for our first rental or even second rental, we think it's okay just to present a mortgage company, bank or hard money lender, just some figures written down on a piece of paper or on an Excel Spread Sheet.

Ariel Cohen excellent.

The pertinent piece for me is the right to cure every 12 month period in terms of getting better tenant compliance because their option fee is now at stake instead of just one month of deposit.What I realized that I need to adjust in my Excel model is that I would be entering a contract to sell the property now for an agreed upon value greater than current value.

@Jordon Schav Excellent advice.

PPR is an excellent resource although they have historically specialized in 2nd position debt, so if you are looking for education on 1st position debt investing, you may want to expand your horizon.

If you're going to be using painted cabinetry, then MDF is an excellent choice, even in upper price point homes.

Find them through Google and meetup.com There is an excellent one in Warwick say Hi to my buddies Craig and Don.

The BRRRR strategy seems to work rather well and receives excellent feedback on the forums.