Does he want to keep operating it? 

The math looks like this:$150,000 (ARV) x .70 (ARV percentage) = $105,000$105,000 – $20,000 (ERC) = $85,000 (buying price)This formula is commonly used by house-flipping investors to decide how much to pay on a fix and flip.70% Rule: Formula and ExampleThe formula itself is rather simple: Once the ARV and ERC are calculated, you then plug in the numbers.Take a house that has an ARV of $100,000 and needs $20,000 in rehab.

@Evan Polaski @Chris Seveney Yes Arrived is one of the many that operate this way.

AI can be beneficial both for operations as well as your taxes.

The two simple methods are 1- Direct Mail2- MLSFrom there 3- warm call all of the homes for rent.

The State of New York does not have any licensing for Contractors with the exception of Asbestos Contractors, Crane operators, Elevator Contractors.

You can usually find some events by doing a simple google search.

My plan is to lay this out in operating agreement.

Hi there, my name is Thomas McPherson and I am a RE investor/lender operating in Phoenix and Maine. 

The assets become difficult to operate as the price points are disproportionately impacted  by operating expenses and  cap ex.