What is your formula?

[Mark Betche]

What is your formula for making an offer?
Do you have a specific minimum for ROI?
What factors do you consider to determine your offer?

As a newbie, I expect that I would attempt to buy a property below market value, how much is your norm?

I would expect that I would attemp to calculate my expenses in a property and rent it for a certain percentage above those costs(maybe different returns based on my initial investment) involved in the purchase and preparation for renting.

What is the most profitable price range to buy for hold and rent in a low COLA?

Feel free to answer all or one of these questions. I am looking for some input on making a sound first deal. My thought is to find a price range that gets more desirable rentors, make an offer at least 20% below market value, and figure a minimum ROI of 12%.

Your thoughts?