Courses #5 – 8 may be included in your postsecondary educationExperience Requirements – 20 transactions The Division calculates the transactions to ensure the applicant meets a total of twenty by using the following formulas: • Listing agent in the sale of property owned by another = ½ transaction • Selling agent in the sale of property owned by another = ½ transaction • Listing agent in the lease of commercial or industrial real estate owned by another for a term of at least one year = ½ transaction • Procuring agent in the lease of commercial or industrial real estate owned by another for a term of at least one year = ½ transaction • Listing and /or procuring agent in the lease of four residential real estate properties owned by another for a term of at least one-year = 1 transactionThere are also requirements about not having a criminal record.http://www.com.ohio.gov/documents/real_Requirement...You can probably get into investing sooner than you can accomplish all of that.  

Then join a local REI group and begin using this formula to overcome your fear of the unknown....Definite Goal/Plans + Faith + Emotion + Action  = All Human AccomplishmentFaith = Knowing you can accomplish your goal / Self ConfidenceEmotion = Feeling you can accomplish your goal / objectiveIf you feel that you are deficient in any element, focus on working on that until you feel you're ready to take action.I wish you the best.

Flip2freedom episode 77http://www.flip2freedom.com/a-3-step-formula-to-a-successful-balanced-and-insanely-profitable-2012/ - LISTEN TO THIS TODAY!

I have come across some land and I know how to determine the ARV and the formula for wholesaling properties.

My questions are:1) Is their a good formula to understand what a fair price is for this property?

Code violation liens in FL are frequently discounted, each city/county has their own "formula" or procedures.

Another way to ensure that your buying property at prices that work for rentals and ensure yourself enough for unknowns is to base the purchase on a simple formula..  

I'm a little lost on which formulas I should use when considering a property.

If rent is $2K/month then you should set aside $600/month using the above formulas. 

Some time last year I was obsessed with house flipping formulas and thought I'd try my hand after podcast and YouTube videos.