This is from memory, and is loosely derived from Dave Ramsey and his Total Money Makeover.We set aside savings until we had a sizeable Emergency Fund. 

I would start asking yourself those type of questions to help yourself derive an answer.Goodluck...

I derive my own analysis from similar sold comps in less than a year in that market.

I played football, baseball, basketball, and track and field in high school and not that I think about it being a perfectionist might derive from what those sports instilled.

These lists are derived from public records which you can compile yourself or pay someone to generate the list for you.

I think that an S-Corporation would be the best setup, but I see that no more than 25 percent of the gross corporate income may by derived from passive income.

From these few paragraphs it's very hard to derive what exactly is being done.

You never know how they derived to that opinion, but I have a feeling that your friend probably has never purchased an investment home before. 

I was thinking thinking of doing a rent-to-own/owner finance.I am reading different posts now, but had some general questions:When deciding on the sales price, how do most of you do derive that number? 

What I derived from you and the rest of the comments mentioned is pretty much to eat this big elephant one bite at a time and not to get way over my head on my first property.