Figuring out wholesale prices to give homeowners

[Christopher Langan]

So Im going to assume this has been asked a million times, but I was just struggling to figure out the ARV and the costs.

I have knowledge on what  and how much X should cost and stuff, but when people explain calculating the costs its more elaborated through writing.

I was wondering if someone could kindly explain it in math form.

Im more of a math guy just fyi. 

For example. I know a house thats on the market for $350,000 and the comps of the neighborhood/area is $325,000-400,000 depending on size, sq ft., etc. 

How would I determine a price I could offer

P.S. This is a distress home as well as a friends home. I dont believe it will sell on the market for that amount.