That is $90K FMV less the $15K repairs multiplied times 70%. 

At least, that is how I count it.Once you multiply the ARV by the 70% you subtract the cost of rehab.

@Chris Friberg  I'm actually curious if banks will lend on multiply types of loans like this.  

Rates are annual, so to calculate interest, take the outstanding loan amount, multiply by 14.5% and divide by 12 for the monthly payment, or since the amount of outstanding interest will vary as the loan disbursements increase, you can take the outstanding balance, multiply by 14.5% and divide by 365.

Even that is far about typical returns.I wouldn't be publicly stating how much I have to invest.10% for 12 years gives you a 3.1 multiplier on your starting bankroll. 18% is a 7.3 multiples, 20% 8.9.Consider a hypothetical $1 million building, 30% down 12 year 6% loan.

So take the idea of simply collecting payments and a conversation here and there and multiply those tasks by 10.

And maybe we'll bring along @Ben Leybovich as well) But seriously - this is what I would do: How to Make a Million Dollars from Real Estate: A Step By Step Path - just multiply the original amount times three.

Take the outstanding balance, multiply by 15% and divide by twelve months, and that's an estimate of your monthly payment.The loan you are looking for is probably $35K, which is too small for most hard money lenders, but you may find one in the local area.

Financing: 75% @ 5% with 25% downGross Annual Income = 28,788 (two 2 bedroom and one studio)Multiply Gross Annual Income by 80% for repairs, vacancies, etc (from Brandon's video... thanks Brandon!

Units:4Building Size:4,060 SFPrice/Unit:$206,250Property Type:MultifamilyProperty Sub-type:Garden/Low-RiseProperty Use Type:InvestmentCommission Split:2.5%Cap Rate:5.06%Gross Rent Multiplier:12.43Year Built:1998Lot Size:15,367 SFNet Operating Income $41,722There are (3) houses that are 3BR/2BA and (1) that is 3BR/1BA.The price per house is about half of the current market rates for other SFRs in the area.