That would probably net around 4.5-5% cashflow plus appreciation given my overly simplistic formula for cash purchases. 

If you want to go the "cash for keys" route, there is no specific formula or legal limit, it's just something you negotiate directly with them. 

If you are able to succeed at this, you could make a lot of money in 10-12 after holding these properties.The formula is simple.

There have been numerous books written by people claiming to have the “magic” formula to sniff out future values.  

If you are able to succeed at this, you could make a lot of money in 10-12 after holding these properties.The formula is simple.

If you are able to succeed at this, you could make a lot of money in 10-12 after holding these properties.The formula is simple.

Hoping to have a very detailed "plug and go" formula by year end.

The MAO formula (70% of ARV Minus Repairs Minus Wholesale_Fee) only makes sense for fix-and-flip deals.For rental deals, you'll need to calculate the metrics that matter to a landlord, starting with Cash Flow and Cash-on-Cash-return.To do this you'll need to estimate Income and Operating Expenses to get Net Operating Income (NOI).

Always remember this simple formula.  

Second lowest property taxes in the nation behind Hawaii.Montgomery county tax estimate formula is: appraised value x 20% (without homestead) x .0365