Rehabing by demolition

[Mike Gomez]

good afternoon,

I'm fairly new at this, with only 1 rental property. I'm new at utilizing formulas to determine if a property is a good buy. But my question is, do these rules apply to a property if you plan on demolition? If not, what are general rules or where can I find formulas to calculate if it is worth buying, tearing down and rebuilding? Any and all input is appreciated. Thanks