Typically we ask lawn care questions when formulating a PMA.

They take into consideration taxes and insurance, in addition to the net income of the property, and formulate what's call the "DSCR" or debt service coverage ratio.

His overall assessment ( he was a prof in the program) was that medical students were very intelligent and good at grinding through the equations but lacked for the most part the ability to setup and formulate the problem at hand.  

This thread is very interesting and I just wanted to jump in since I am formulating a strategy to buy fully depreciated free and clear properties from retiring landlords and thought the OP could use this as well.

Then when you understand the basics you can examine your market and that will take you to the ways of formulating your goals.

Thanks for the feedback Rick Wheeler & Joseph Seays.I'll be digging in deeper and formulating a take-off.

Again, consult with a Real Estate Attorney to formulate a Texas legitimate JV Agreement...not a Boiler Plate or Template.Anish Tolia I hear you LOUD and CLEAR!...

From this starting point I have formulate an plan to move into my first investment and here it is.Why Real Estate?

Unfortunately, there has been no new construction in the area so I'm unsure of how to formulate a good offer price since I have no comps.

There are "prohibited transaction" rules that may get in the way of what you want to accomplish, so be sure the look at those when you're formulating your plan.