What specifically makes a deal, a deal?

[Robert C.]

Good day all,

I see a lot of people using basic formulas to evaluate a deal. Example: ARV*.65%-repairs-fee. However, it seems more complicated than this. What is the investor going to be thinking when they see the house? What formula will they use. Will they include holdings costs, closing costs, and so on and so forth? Please be as specific as possible to the individual who doesn't yet know all the in between details. Thanks in advance. Rob