I know the formula can skew one to be leverage happy, my general assumption was if you wouldn't buy it with cash don't buy it with a loan.

Before you sit down and speak to an experienced investor, it would benefit you greatly to do some research here on BP (for free) to learn the lingo, the steps, the formulas, etc.

Make sure you're not selling it for a song.

Formulas I found on BiggerPockets and Mobile Home University.

Your formula is wrong. 

As the song goes, "If you've got the money, honey, (they've) got the time!"

I would listen to the BP Podcast with Thach Nguyen on how he knocked on one hundred doors a day , five days a week for ten years and that got him one million USD per year from that ACTIVITY.Make sure you dont miss the part where he says one home seller let loose a dog on him and he had to get attention at the hospital from the bite.I would also pay attention to the Tom Hopkins Champion formula to embrace rejection on pages 110-125 in his book Mastering the Art of the Sale.Especially the part where he says , you are paid for each rejection you getThen TAKE ACTION, make the calls, follow up leads, ask for referrals, make offers, buy properties, choose your exit strategy etcin making calls i would attempt to incorporate "negative phrasing" as taught by Steve Trang, to locate buyers, sellers, private money lenders.I would also set a saving rate as taught by Anthony Robbins from book Money, master the game, becoming of an investor, taking advantage of the power of compounding I would also keep in mind the 10000hour rule from Malcom Gladwell's book, Outliers reminding myself that attaining world class takes commitment

But inventory is low and most wholesale deals dont fit the traditional formulas.

Long time listener, first time poster :D My husband and I assumed management of my father-in-laws rental property portfolio a few years ago and have since been working hard to educate ourselves, bring it up to date and apply BiggerPockets techniques and formulas to everything.

I know there's no set formula, but does anyone have an idea of what I should expect the price to be for these drawings?