I then have 10K in reserves for unexpected stuff (if I'm using my 20k savings, I'm sure there's a formula for how much I should actually have).

It isn't strictly formulas especially for comparable sales.

I agree that there's no hard number or specific formula.

I don't have a formula that I use and I'm much less concerned about cash flow than I am equity, although the potential added cash flow in your situation is a really nice bonus. 

You can adjust the formula according to your area.

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Originally posted by @Mubasher Riaz:Rob I just PM'd you  Hey I would really like your formula for wholesale contract will it work in Florida 

I can use python to get this, i bet I can generate a formula in power query to do the rest and not use a scraper at allhttps://www.redfin.com/TX/Fort-Worth/10725-Lone-Pine-Ln-7610...

I am curious about how he comes up with the number. . . . the formula goes NWROI = (cash flow & rent savings + loan paydown + appreciation)/ Initial Investment So, if you have a low initial investment - it looks good on paper.

I am on a lookout for mls always but i wanna have a great formula to start with in terms of how my numbers should work.