And keep track of the brand and formula of paint- always use the same, so touch up is easy.

For rehabbing, apply the (70% of ARV) less repairs formula.

Reminds me of a Pink Floyd song on The Wall album.Why does it matter how someone feels?

I am not really looking for a debate of the specific formulas or specific details.

Can you apply your formulas to show me whether this is a good deal because the way it came out for me is that I would have to get 7,000 a month in rents to make this a "good deal" according to these formulas....

A year and a half ago the formula was the same ... granite countertops, stainless appliances, hardwood floors and some landscaping.

Here are a couple formulas I use in my day to day success:Displine + Strategy= SuccessClarity + Concentration= SuccessWhat you focus on EXPLODES!!!

Run the formula and determine the price you want to pay.

What you are wanting to do with it (your exit strategy) stipulates what formulas you need to use to determine what the house is worth to you and what your offer is.If you are planning on fixing up the property and reselling it on the retail market, then knowing what the After Repaired Value (ARV or what the house will sell for all fixed up) is and the estimated repairs are the two biggest factors in determining your offer.If you are renting, lease optioning, or carrying the note, knowing the fair market rent will be a huge factor in determining value.If you are wholesaling, knowing what investors will pay in that area for that type of house is essential to determine value.To figure an offer on a property, start at the end.

It is absolutely worth spending the money up front . . . waiting for everything to go awry is a formula for disaster.