They have a formula that works and provides them the rate of return that makes it worth it so, don't feel like you'll just negotiate them out of their shoes like you're Trump. 

Quote from @Victoria Hogan: @Rick Albert here's the link to the posting our PM put on zillow: https://www.zillow.com/homes/4072-W-Song-Bird-Pl-Fayettevill...There's not a ton of competition in this specific neighborhood and what is looks to be mostly all priced higher than ours with varying times on the market. 

Don't buy the song and dance "our word is our bond" or "we're deacons of our church". 

You'll improve over time, but this basic formula remains.1.

Everything is looking good, Just wanted to double check the projected was the correct formula.. still learning. 

Can I assume reserve price will be the same 180k or do you think FM has a formula in place in which they are ok to let go at X% below their "purchase" price so as to not be left with the house on their hands ?

The calculator is a LIVE excel with multiple tabs and all of them are interconnected, you may mess up a formula and you will see awesome returns inaccurately.

Quote from @Jay Hinrichs: Quote from @James Hamling: Quote from @David Song: CA, especially the Bay Area and other population centers, are great investment locations.

I bet Baby Shark would be an especially annoying song. 

@Dennis GallagherAs for the 50% Rule (where your expenses equal about 50% of your revenue) - I might argue that the flaw in the theory is you will walk away from many great wealth building opportunities just because it doesn’t meet the formula.