Deduct NEW property taxes after you buyDeduct home insurance costsDeduct maintenance percentage, typically 10%Deduct vacancy+tenant nonperformance percentage(we recommend 5% for Class A, 10% Class B, 20% Class C, good luck with Class D)Deduct whatever dollar/percentage of cashflow you wantNow, what you have left over is the amount for debt service.Enter it into a mortgage calculator, with current interest rate for an investment property, to determine your maximum mortgage amount.Divide the mortgage amount by either 75% or 80%, depending on the required down payment percentage - this is your tentative price to offer.If the property needs repairs, you'll want to deduct 110%-120% of the estimated repairs from this amount.Be sure to also research the ARV and make sure it's 10-20% higher than your tentative purchase price.As long as the ARV checks out, this is the purchase price to offer.It is probably significantly below the asking price.

Start with BiggerPockets Ultimate Beginners Guide (free).

Check your state laws on tenant abandonment - then follow them.You can choose to be more aggressive, but make sure you understand the risks!

Did you check with NALTA?

This TDR is a new program that has been in development for 30 years and should ignite into an active free market for credits this coming July 15.

We deliver our properties free of both (noted as such in the lease) and then contractually make the tenant liable for prevention/termination. 

I am financially free with ~$10-17k/mo cashflow.

Most people are refinancing a BRRR because they are in short term debt (like 12 month hard money used for purchase +rehab financing) or own the property free and clear (they bought all cash) and would get a higher return on equity by leveraging the property and reinvesting the cash out proceeds of the loan to scale the portfolio. 

- How much do you value your free time?

In a stable free economy the natural tendency is for prices to go down not up.