Seeking Guidance on Calculating Maximum Bids for Tax Deed Investing

[Kami Kami]

I’m new to tax deed investing and I live in Texas. I’m aware that it might be challenging to have a standardized formula for this…but how will you go about calculating the maximum bid on a house that you intend to use for rental? How will the formula be different if you plan to rehab and sell?

Any guidance or advice you can offer on these calculations would be immensely helpful.