But I probably could not be happier with taking a chance on F&G.Like a few others, I came across F&G through Morris Invest and figured that I would get 3-4 "rounds" of applying for business credit and assumed that each round would multiply previous acquired credit by 1.5 or 2X.

Simply add the first three, which are easy to obtain or calculate, and multiply the total by say 1.18, and you get a pretty good estimate of your total expenses.Backing out of the rule of thumb, you can’t pay more than about $378k for this property, Juan.Keep looking.

Multiply that 300k by 72.5%. 

Take the resulting percentage and multiply it by your total tax obligation, then subtract this result from the Schedule E number you started with. 

Based on my research so far, Atlanta seems to be one of the places with a favorable gross rental multiplier, good prospect for appreciation, and sales price around the budget I am looking for and hence I chose Atlanta.

1) Get your ARV2) Multiply ARV by 70% - 75% to get your max project cost number3) Get a GC or someone with a good eye and walk the property and get a comprehensive budget together.4) Subtract the budget from the max project cost and that's your max offer/purchase price

Our trainees can multiply their earning capabilities with us x3 or x4, as we teach holistic real estate, and how to get into real estate investing by utilizing multiple simultaneous very lucrative strategies, not just wholesaling. 

If you discover foundation or structural issues these can also be expensive.I would not use a per square foot figure like, $50.00 or $75.00 per square multiplied by the number of sq. feet.

And the income approach is not typically reliable, since 2-4 unit property rents typically vary widely, depending on many factors, and the grm's (gross rent multipliers) will reflect that, therefore, causing a wide range in values.

Here are some tips to help you find and distinguish cash-flowing properties beyond the 1% rule:To evaluate a property's income potential, consider alternative metrics like the 1% rule, cap rate, cash-on-cash return, and gross rent multiplier (GRM).