@Warren Talbot that is exactly the way how you will find your formula of success.

I avoid hickory hill, frayser, 38127 and orange mound as a general rule of thumb  I remember hearing Orange Mound from a 3-6 Mafia song, I would def avoid that haha.

Feel free to let me know if I am oversimplifying everything, however I would love to take action or at least get closer to finding that formula to achieving the results of many biggerpockets speakers that has 100+ units.

What formula (if there is one) do investors use for this type of property?

Is the formula the same for a four-plex?

I used an analysis formula I learned from Renatus education.

I understand how the 70% rule, the various REI formulas, and I have a couple agents that provide me comps in the area to get the ARV, but yeah estimating total rehab I have yet to figure out.Secondly, I've tried to find wholesalers or wholesaling groups in the area as well and am having trouble on that front .

It's just a formula: value = NOI/cap rate.

Trying to reverse engineer making an extra $30,000 by the end of this year.What formula are you all using?

@Young T Song mentioned David Green's book.