I like keeping property reserves in a brokerage account where I continuously roll them over into US Treasury T-bills at government auctions ranging from 1 to 6 months in duration.

What drove you to thinking you should offer 10% less than the asking price? 

In one neighborhood, the father drove 70 miles to work, just so his kids could go to this particular public school, and they stayed there for 13 years until the youngest graduated. 

.• $60k purchase• $35k rehab• $95k total rehab loan payoff• 15% deposit = $14,250 "down payment"• $126k ARV (confirmed via refinance appraisal, borrower expected this to be higher)• 80% rate/term refinance ($100,800 loan) @ 6.75% [700-719 FICO]• Applied $4k of deposit to payoff for an updated payoff amount of $91k• Cover closing costs with 80% r/t refi + $2k back to borrower at closing (still considered a r/t refi if under $2k) + remaining $10,250 deposit reimbursed after payoff = $12,250 total back to borrower• $4k of his deposit + closing costs for rehab loan = his "cash" in the deal• $1,250 market rents• Total PITI = $765.62• DSCR = 1.6327 I do not see the hold costs.  

It is about 2.5 hours' drive from our home and at times we drove separately hauling stuff back and forth.

Ive asked about getting essentially T-12 type info on the assets, but that hasnt been provided thus far.

I worked a full time job my first year in real estate, and I drove for dollars for the first 6 months but didn't get any results.

T you all for your replies.

Residential requires an appraisal (comps), and commercial looks at T-12, cap rates, and NOI. 

Figueroa-Seary: Quote from @Aaron T.: Quote from @Jose A.