Some insurers have a minimum per sq. ft. which may force a higher coverage amount but in general that is our formula.

The common formula for real estate investing is:Determine the fair market value.Subtract repair costs.Determine the profit you desire.Most properties should be acquired at 50% to 70% of the homes fair market value.Large venture real estate firms like Opendoor will buy your house for approximately 90% of the market value.

Obviously everything in the formula is garbage in, Garbage out but some ideas here would be appreciated

I comped houses with similar square feet and found theres enough sq feet for 2 additional bedrooms, potentially hitting the 352k range. owned the property for a little over a year, with a 50k downpayment. original loan = 333kfinanced = 281kcurrent value = 340k (according to his loan officer)Ive ran it through the usual 70-80% formulas but wanted some extra opinions/ weigh ins before i send him my offer. of course i dont want to insult him, being family and all, but he understands the convenience factor im providing.

What calculations and formulas do you utilize when you analyze a property?

Don't worry about their rent formula.

There is no magic formula, but there are some interesting strategies he uses (nothing illegal), just some creativity involved to get to the front of the list, eventually.If someone doesn't want to sell today does not mean they wouldn't want to sell tomorrow. 

What formula is usually used in pricing a mobile home park?

@Mark ScottExcel is great to track income/expenses; especially if you know how to use the basic formulas.

The formula for cash-on-cash is cash flow divided by total cash invested (aka down payment).