When figuring out comps for a property to come up with an offer, should you take into consideration the closing costs with the formula?

Then they apply the cap rate formula I posted above.

Is there a method or formula to determine desired price you should pay for the note, as it relates to the payoff balance?

Here's your mission, should you choose to accept it.Calculate the following:1 - (Cash flow per month as is times the number of months you've held the property so far) minus the cash you spent on the property = A2 - A divided by your cash flow per year = BA = the total dollars you are at a loss so farB = how many years it will take you until you have recovered all of your cost...and start making a profit.Now, do the same 2 formulas, except this time calculate it as if you bought the properties using only 20% down...instead of 100% down.  

Given that, would the cash on cash formula include the capital paid back to investors from the cash out refi?

Is there a formula or some suggestion on what I should consider reasonable for my time and effort on the front end to manage and oversee all the work (he plans to be entirely passive)2.

There is no one easy answer to fit the formula.

@Shafi NossThere is no magic formula as to how Congress derived these numbers decades ago when this was implemented into tax law.

If all his income z ffrew is disability and no more I doubt he will meet a 3 times rent formula.

I am looking for advise or formulas you guys use to come up with an offer price that makes sense.