I was just curious about others opinions because I have had some newer investors from Asheville say they would only pay $160k and I'm wondering what formula they are using because only homes in major need of repairs are 160k and I know from my own rehab projects that and 30 to 60k would need to go in them to get good rent.

Cash flow - lot of numbers - formulas opinions on here regarding ROI/IRR/ My favorite Cap rates. 

Is there a formula for this?

I believe they use a formula generated by county, and the city where I invest is has more rental demand than the county as a whole, so I can easily get $100 above what they will pay. 

The best practice is to know the formula that Fannie Mae uses in determining rental income.

Lots of investors, especially out of state investors, buy here because of the siren song of high returns only to never actually see those returns because of non-paying tenants, continuous repairs and vacancies.

It's super important for you to know the industry's standard formula for wholesaling properties (ARV * 65% - FEE) and you can tell what's a great deal or not. 

So once you get more familiar with what works, you can fine tune your formula.

While this is sold as a benefit to the investors it is actually a detriment in bad markets.C) Partner on a Profit Sharing / Cash Flow Formula.

I have bought houses that my competition referred to me, because they only focus on one formula.