Subtract your capital reserves from your free cash flow before you calculate our COC.

So your purchase price should be less than $252K if you subtract Holding and Closing costs.Your Acquisition loan P&I payment is not correct.  

Keep in mind you may need to subtract little value because you no longer have a Florida room.As I'm sure you can understand there are many variables in figuring out the cost.

From there I subtract and add anything that would not normally be included in that price.

Then subtract the money you need to make the immediate improvements.

Actually, I would figure up how much it costs to tear it down and remove the debris, then subtract that from the lot value and that would be my offer.

Take 35% off the gross rent for repairs, capex, vacancy, and management. then subtract PITI, HOA's, PMI, etc. 

It is at $1007 for a 3 bedroom and this includes ALL utilities paid by landlord.https://www.huduser.gov/portal/datasets/fmr/fmrs/F...In my opinion, I would subtract $50 off the rent for electric since you pay all other utilities.

So you take your gross rental income, divide by 2 then subtract your PITI and that is your estimated cash flow.

.- Whatever that max number is, subtract from it 130% of your ballpark estimated rehab budget.