I would suggest you do some more research on the formulas posted above.good luck!

My huge issue with these guys (and Wealthability) is the business formula appears to be the following:Master guru sucks you in with their knowledge via books, podcasts, Youtube, seminar.Master guru tries to hire minions to re-create his success (it underdelivers)Master guru tries to scale too fast and becomes more of a salesman (clients further suffer)I am interested in learning more about this and can deal with negative reviews but the negative ones outweigh the positive ones online for Anderson and in 2023 no less, so this is an active problem. 

Kind of a rookie question but is there a site or a universal formula to estimate insurance when analyzing deals other than contacting a insurance agent in the specific market? 

There is no set formula or math equation or even a good definition. 

Formula's and calculations certainly can predict or provide recent averages, but when the rubber hits the road we all want to know the exact amount of money in our bank account. 

There is no obligation of a Sec 8 administrator to approve rent levels above the FMR formula or even below it, they may consider housing inventories and the property being appropriate for the family.

It didn’t work out for me because according to the formula my “coach” provided, this deal did not include at least a 10% profit, and I didn’t care that it was a 6% profit, it was a good profit, and it wasn’t going to be the only deal, but I pitched it to the private money partners I was given access, but It wasn’t jumped on fast enough before another investor snatched it up for $1.3 mil all cash within a couple of days of my walking it.This was the problem with this “coaching” program… all my potential deals fell through because there never was at least a 10% profit, so I couldn’t get attention quick enough from the private money partners before another investor came in with all cash.

Is there some sort of formula or rule of thumb to follow in a transaction like this?

Is there a formula anybody uses to calculate how much they should spend on the land? 

Does anyone know a formula to ensure you lock up the property at the right price to ensure the cash buyer gets the desired outcome of 10% ROI?