Add all your estimated expenses and subtract from your estimated rental income!

I would tend to subtract another $10k from the price to cover yourself....

Subtract your debt to your gross monthly income and multiply by 36% so you see the max you can pay monthly.

To be confident moving forward, I would check Rent comps for my terminal product's units, draw that up into GOI, calculate expenses or just multiply by 0.7-0.75 to subtract annual expenses (utilities, maintenance, taxes, insurance, etc) and arrive at NOI, then subtract my other expenses (like debt/loan payments) over the year, to see what we're looking at in potential CF once fully stabilized.

It's like having a roadmap to help you manage your finances.When you create a budget, you decide how much money you'll spend on different things, like food, housing, entertainment, and saving for the future.It's essential to know where your money is going so that you can make sure you have enough for the things you need and want.To create a budget, start by listing all your sources of income, like allowances or money from a part-time job.Then, make a list of your expenses, such as school supplies, snacks, and other things you spend money on.Next, subtract your expenses from your income to see how much money you have left.

As you mentioned for myself, do I subtract the 12000 i paid towards principal and say I really lost $4000 (principal paydown $12k- Net income of $ 8362 = 3638, which would be a loss).

Then put your wholesaler hat back on......and subtract your fee.

You then subtract your repair costs to determine buy price.ARV 400k75% of ARV 300k50k rehab250k purchase priceI personally find it very difficult to find deals that meet this criteria.  

Even if you do get a deal, after you subtract all your costs, what are you making per hour?

So take $10k and subtract every expense you can think of and see if there’s anything left.