Other than a couple of remarks in astonishment and amusement about young people having sex in the cemetery behind the building ... the tenants never make mention of it.

Josh, the formula you gave (MPP=ARV-rehab costs-money/holding costs-desired min. profit) is the one that I am using instead of the 70% rule of thumb, and that's why i raised this question because based on that formula my offer price is above the 70% mark.

I have a rental in a vacation market and have toyed with offering tickets to local tourist attractions, amusement parks, etc, to make a few bucks.

I am using hard money so i need to be all in at 70% ltv to get financed.

I find Bob's post amusing, and no point at all, but like in BP, there are great opinions and there are bad ones.

I find it amusing that the ignore post is packed with those I consider powerhouse individuals. 

Bandit sign I am using is yellow sings hand writtenWe Buy HousesCASH - Any Conditionxxx-xxx-xxxx

HI ALL, I recently bought a vacation rental in the lake region of NH and I am using Evolve rental and they have revolutionized  the property management process.

Paul I am using several of those resources but I appreciate you listing them all because  I haven't seen all of them.

And with purchasing this house, I am using a down payment assistance program which is allowing me to use little to no down.